Updated Dec 4, 2024
Ty Bergman Sets Record With $24.5M Sale Of Manhattan Beach Single Family Home
1800 The Strand
$24,500,000
$4,597/SF
Building Size
5,329 SF
Asset Type
Single Family
Closing
Jul 15, 2024
About this deal
AI
The property at 1800 The Strand in Manhattan Beach, a Single Family home, was sold for $24,500,000. The 5,329-square-foot residence, crafted by David Garinger, comprises five bedrooms, 5.5 bathrooms, and a five-car garage.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $24,500,000
- Address: 1800 The Strand
- Market: Manhattan Beach
- Price per Square Foot: $4,597
Equity Union Real Estate, represented by Ty Bergman, announced the successful $24.5 million sale of 1800 The Strand, setting a new record in Manhattan Beach. The property, showcasing luxurious features, achieved a significant milestone in the local real estate market.
Players
Manhattan Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93