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228 38th Street

John Webber Purchases Single Family Home From John Leblanc In Manhattan Beach For $4M
SOLDSingle Family Residence

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

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.

Players

Cameron Samimi
Verified Badge

Cameron Samimi

Lyon Stahl Investment Real Estate

Broker

$141.4M

vol

51 deals

Broker

Manhattan 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93