Taksa Investment Group Acquires Santa Monica Multifamily Property For $4.5M

A 10-unit multifamily property located at 1524 7th Street in Santa Monica has been sold for $4,500,000. The property spans across 6,693 square feet, equating to a price per square foot of $672.34. Each unit was sold for $450,000. This off-market transaction was facilitated by Jonathan Taksa from Taksa Investment Group. The property is situated on a rare commercially zoned parcel, and the buyer already owns multiple properties in the immediate area.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,500,000
• Market: Santa Monica
• Address: 1524 7th Street
• Square Footage: 6,693
• Price per Square Foot: $672.34
• Number of Units: 10
• Price per Unit: $450,000
• Broker: Jonathan Taksa - Taksa Investment Group

The sale of this commercial-zoned property was a closed transaction, and the buyer's existing property holdings in the area may present potential opportunities for future development or investment.