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2615 Curtis Avenue

John Vilenica Purchases Multifamily Asset From Randy Furtado In Redondo Beach For $2.2M
SOLDMultiFamily

John Vilenica Purchases Multifamily Asset From Randy Furtado In Redondo Beach For $2.2M

2615 Curtis Avenue

$2,200,000

$432/SF

Building Size

5,088 SF

Asset Type

MultiFamily

Closing

Sep 4, 2025

AI

The property asset involved in the transaction is a multifamily unit located at 2615 Curtis Avenue in Redondo Beach. The sale price of the property was $2,200,000, and it consists of 5 units with a total square footage of 5,088. The price per unit is $440,000, and the price per square foot is $432.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,200,000
  • Units: 5
  • Price Per Unit: $440,000
  • Square Footage: 5,088
  • Price Per Square Foot: $432
  • Buyer: John Vilenica
  • Seller: Randy Furtado
  • Brokers: Christopher Bald & Cameron Samimi - Lyon Stahl Investment Real Estate

The transaction was facilitated by Christopher Bald and Cameron Samimi, who represented the buyer and seller, respectively, through their agency, Lyon Stahl Investment Real Estate. Their involvement highlights the collaborative effort in closing this multifamily real estate deal in the competitive Redondo Beach market.

Players

Cameron Samimi
Verified Badge

Cameron Samimi

Lyon Stahl Investment Real Estate

Broker

$141.4M

vol

51 deals

Broker
Lyon Stahl Investment Real Estate
Lyon Stahl Investment Real EstateBrokerage

Redondo Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93