Michael Abdul Acquires SFR In Manhattan Beach For $3.5M
918 South Peck Avenue, Manhattan Beach, CA, USA
$3,545,000
$988/SF
Building Size
3,586 SF
Asset Type
Single Family Residence
Closing
Nov 9, 2021
AI
Located in Manhattan Beach, this single-family residence at 918 N. Peck Dr. recently underwent a successful sale transaction. The property, with an area of 3,586 square feet, was sold for a price of $3,545,000. The sale was facilitated by Phil Zaikovatyy of Altera Realty, who represented the seller, Sam Samimi. The buyer, Michael Abdul, acquired this SFR asset at a rate of $988 per square foot.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $3,545,000
- Address: 918 N. Peck Dr.
- Market: Manhattan Beach
Phil Zaikovatyy from Altera Realty played a crucial role as the broker in this deal, effectively representing the seller, Sam Samimi. Michael Abdul emerged as the successful buyer, completing the purchase of this property under Phil Zaikovatyy's guidance. The sale transaction reflects the growing real estate market in Manhattan Beach.
Players
Redondo Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93