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1800 The Strand

Ty Bergman Sets Record With $24.5M Sale Of Manhattan Beach Single Family Home
SOLDSingle Family

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

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

Bryn Stroyke

Bayside Real Estate Group

Broker

$24.5M

vol

1 deal

Broker

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