John Webber Purchases Single Family Home From John Leblanc In Manhattan Beach For $4M
SOLD
$4,000,000
California
See Similar DealsSingle Family Residence2,627 SF
Sold 08/29/2025
SOLD
John Webber Purchases Single Family Home From John Leblanc In Manhattan Beach For $4M
228 38th Street
See Similar DealsSingle Family Residence2,627 SF
Sold 08/29/2025
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,522
Total Square Footage:2,627 SF
Transaction Type:Sale
The asset involved in this transaction is a single-family home located at 228 38th Street in Manhattan Beach. The sale price is set at $4,000,000, and the property spans an area of 2,627 square feet, resulting in a price per square foot of $1,522.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $4,000,000
- Address: 228 38th Street
- Market: Manhattan Beach
- Square Footage: 2,627
- Price Per Square Foot: $1,522
- Buyer: John Webber
- Seller: John Leblanc
- Brokers: Ryan Versfelt & Cameron Samimi - Lyon Stahl Investment Real Estate
John Webber is the buyer of the property, while John Leblanc serves as the seller. The transaction is facilitated by the brokerage team of Ryan Versfelt and Cameron Samimi from Lyon Stahl Investment Real Estate, who represent the respective parties in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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