Luca Jacoli and Jonathan Nikfarjam Tapped for Multifamily Sale
Redondo Beach, CA (October 17, 2017) — Coldwell Banker Commercial Advisors (CBC Advisors) today announced that Luca Jacoli, senior associate of multifamily investment sales, and Jonathan Nikfarjam, managing principal of CBC Advisors in El Segundo, listed for sale the apartments at 112 Vista Del Mar, a 13-unit 11,774 square-foot apartment complex, in Redondo Beach.
“The 112 Vista Del Mar apartment complex provides long-term investors with the opportunity to own an A-Class asset on a valuable piece of land in a prime Redondo Beach location where a buyer may consider enhancing the current building to sell the property or developing the lot into eight townhouses,” said Jacoli. “This property provides an investor with the once in a lifetime opportunity to purchase a highly attractive property, in an irreplaceable location.”
Located one block from the Pacific Ocean, the Vista Del Mar apartments sit on a half-acre lot totaling 21,449-square feet. The complex consists of ten townhouse condominiums with no rent control and is a value-add of thirteen units: one three-bedroom and two-bathroom unit, five two-bedroom and one-bathroom units, and seven one-bedroom and one-bathroom units.
The Vista Del Mar apartments are twenty miles south of Los Angeles in the South Redondo area known as “Hollywood Riviera,” next to the coves of Palos Verdes Peninsula. A cluster of boutique clothing and gift shops, restaurants and cafes are within a six-block radius. The complex is within walking distance of many popular retailers, including Tapas Y Vino, Yellow Vase, Coffee Cartel, Redondo Beach Brewing, Zazou and Hennessey’s Tavern.
Jacoli added that the property is, “roughly a half-acre one-block from the Pacific Ocean and is in close proximity to secluded beaches and boutique retail attractions located on South Catalina Avenue. Apart from being one-block from the ocean, the property is nestled next to the lush, dramatic cliffs of the Palos Verdes Peninsula, just minutes from King Harbor, Torrance Beach, Malaga Cove, Miramar Park and the Redondo Beach Pier.”
As a full-service commercial real estate brokerage, CBC Advisors represents world-class office, retail, investment, industrial and multifamily projects coast to coast while providing institutional-grade asset services nationwide. Coldwell Banker Commercial operates in key markets throughout the U.S. and abroad.