Coldwell Banker Commercial Blair Closes $14.04m Sale of Eight Fourplex Apartment Buildings in Redondo Beach, Calif.
REDONDO BEACH, CALIF. (Sept. 16, 2024) – Coldwell Banker Commercial Blair is excited to announce the successful sale of eight fourplexes in the beautiful and competitive market of Redondo Beach for a total value of $14,040,000. The apartments are located at 1301-1321 Amethyst St.
Steve Warshauer, George Bustamante, Christa Vessell—the Multi-Family Team—proudly assisted the sellers in exchanging the full $14.04 million into out-of-state triple net options, doubling their net-operating income (NOI) and eliminating all management responsibilities.
“This sale marks another major milestone for our team. It required dedication, a wealth of knowledge, and patience to complete,” the Multi-Family Team said in a statement. “This achievement further solidifies our expertise in closing high-value and high-volume multifamily transactions in Southern California’s competitive real estate market.”
About Coldwell Banker Commercial Affiliates
Coldwell Banker Commercial Blair, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.
Media Contact:
Kevin Guhl
Email: kevin.guhl@cbhomeoffice.com
Phone:
973-407-5916
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