Benjamin Hsiang Purchases Santa Monica Multifamily Property From Rob Flowers For $2.05 Million

The property asset involved in the transaction is a multifamily unit located at 231 California Avenue in the Santa Monica market. The sale price for the asset is $2,050,000, encompassing a total of 4,426 square feet across 5 units, resulting in a price per unit of $410,000 and a price per square foot of $463.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,050,000
• Units: 5
• Square Footage: 4,426
• Price Per Unit: $410,000
• Price Per Square Foot: $463
• Buyer: Benjamin Hsiang
• Seller: Rob Flowers
• Brokers: John Swartz & Jacqueline Carroll - True North CRE - Compass

Key individuals in the deal include Benjamin Hsiang as the buyer and Rob Flowers as the seller. The transaction was facilitated by John Swartz and Jacqueline Carroll, who represented the sellers through their agency, True North CRE, under the Compass brand.