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7/15/20
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An 18-unit apartment property in Redondo Beach has sold for $9.35 mil ($519k/unit). The property is located at 2106 Manhattan Beach Blvd, a few blocks west of the 405 Fwy.
The building is comprised of all two-bedroom/one-bath townhomes with ample parking, including electric charging stations. It was 93% occupied at time of sale.
Jonathan Weir with Marcus & Millichap represented the buyer, a limited liability company, and the seller, an individual/personal trust.
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