Faramarz Rabikashi Acquires Santa Monica Multifamily Property From Kent Sather For $2.65M

The property asset involved in the transaction is a multifamily building located at 1224 9th Street in the Santa Monica market. It was sold for $2,650,000 and comprises 10 units, with a price per unit of $265,000. The total square footage of the property is 6,380, resulting in a price per square foot of $415.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,650,000
• Units: 10
• Price Per Unit: $265,000
• Square Footage: 6,380
• Price Per Square Foot: $415
• Buyer: Faramarz Rabikashi
• Seller: Kent Sather
• Brokers: Peter James, William James & Jason Matatiaho - Lyon Stahl Investment Real Estate

The key individuals involved in the transaction include the buyer, Faramarz Rabikashi, who acquired the property from the seller, Kent Sather. The deal was facilitated by brokers Peter James, William James, and Jason Matatiaho, representing Lyon Stahl Investment Real Estate in the sale.