Updated Oct 13, 2026
John Webber Purchases Single Family Home From John Leblanc In Manhattan Beach For $4M
228 38th Street
$4,000,000
$1,522/SF
Building Size
2,627 SF
Asset Type
Single Family Residence
Closing
Aug 29, 2025
About this deal
AI
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.
On the Map
$4,000,000
$1,522/SF
Single Family Residence
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Players
Manhattan Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.5K per square foot on a published $4M for 2,627 square feet (2025).
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Browse Manhattan Beach single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93