Filip Niculete, Glen Scher & Aida Memary Brokers Facilitate $2.6M Sale Of 7-Unit Multifamily In Santa Monica

An multifamily property located at 1537 Centinela Ave in Santa Monica has been sold for $2,600,000. The property consists of 7 units and spans across a total area of 7,156 square feet. With a price per square foot of $363.33, the property was sold at a price per unit of $371,429. The capitalization rate for this transaction is 3.24% and the gross rent multiplier is 18.43.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,600,000
• Number of Units: 7
• Square Footage: 7,156
• Price Per Square Foot: $363.33
• Price Per Unit: $371,429
• Capitalization Rate: 3.24%
• Gross Rent Multiplier: 18.43

The transaction was facilitated by Filip Niculete, Glen Scher, and Aida Memary, representing the parties involved in the deal.