The Lane Team Sells Manhattan Beach SFR On 16th St. For $8.25M
212 16th Street, Manhattan Beach, CA, USA
$8,250,000
$1,973/SF
Building Size
4,181 SF
Asset Type
Single Family Residence
Closing
Apr 5, 2021
AI
An SFR located at 212 16th Street in Manhattan Beach has been sold for $8,250,000 on 04/06/2021. The property spans across 4,181 square feet, resulting in a price per square foot of $1,973.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $8,250,000
- Date: 04/06/2021
- Address: 212 16th Street, Manhattan Beach
- Market: Manhattan Beach
The buyer's representative for this transaction is Heidi Cotton. On the other hand, the Lane Team consisting of Bob Lane, Nikki Lane, and Christi Lane represented the sellers.
Players
Manhattan Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93