Noam Srol Of Stock&Srol Capital Acquires Redondo Beach Multifamily From Elizabeth Luttrell For $2.015M
108 North Broadway
$2,015,000
$463/SF
Building Size
4,352 SF
Asset Type
MultiFamily
Closing
Aug 28, 2025
AI
The multifamily property located at 108 North Broadway, Redondo Beach features 6 units with a sale price of $2,015,000. The building encompasses a total square footage of 4,352, resulting in a price per unit of $335,833 and a price per square foot of $463.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,015,000
- Units: 6
- Square Footage: 4,352
- Price Per Unit: $335,833
- Price Per Square Foot: $463
- Buyer: Noam Srol - Stock&Srol Capital
- Seller: Elizabeth Luttrell
- Buyer's Representative: Benj Lester - Kape Property Management
- Date of Sale: 08/28/2025
- Market: Redondo Beach
Benj Lester from Kape Property Management represents Stock&Srol Capital in this transaction. The building will be managed and leased by Benj Lester along with Noam Srolovitz. Stock&Srol Capital is focusing on acquiring value-add apartments in the South Bay and Orange County regions.
Players
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
7.87%
Cash-on-Cash
-2.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93