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REDONDO BEACH, CALIF. — Bascom Group and Rockpoint Group LLC have completed the disposition of The Waterfront, a 161-unit beachfront multifamily community in Redondo Beach. A private investor acquired the property for $49 million, which represents $304,348 per unit or $392 per square foot. Located at 211 Yacht Club Way, the 125,050-square-foot community features a swimming pool, a spa, a state-of-the-art fitness center and a clubroom, as well as a private beach for residents. Additionally, the property features a 10,000-square-foot restaurant, which is operated by The Chart House. Greg Harris and Ron Harris of Marcus & Millichap represented the seller in the transaction.