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108 North Broadway

Noam Srol Of Stock&Srol Capital Acquires Redondo Beach Multifamily From Elizabeth Luttrell For $2.015M
SOLDMultiFamily

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

Benj Lester

Kape Property Management

Broker

$27.8M

vol

8 deals

Broker
Kape Property Management
Kape Property Management Brokerage

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