Jeff Appel Purchases Multifamily Property In Santa Monica From Country Wide Partnership For $5M

The property asset involved in this transaction is a multifamily building located at 2332 33rd Street, Santa Monica. The sale price achieved for this asset was $5,000,000, which translates to a price per unit of $416,666 across a total of 12 units. The building has a total square footage of 8,796, resulting in a price per square foot of $568.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,000,000
• Address: 2332 33rd Street
• Market: Santa Monica
• Units: 12
• Price Per Unit: $416,666
• Square Footage: 8,796
• Price Per Square Foot: $568
• Buyer: Jeff Appel
• Seller: Country Wide Partnership & Nady Gobrial
• Brokers: Rabbie Banafsheha & Tony Azzi - Marcus & Millichap

Jeff Appel served as the buyer in this transaction, acquiring the property from the sellers, Country Wide Partnership and Nady Gobrial. The deal was brokered by Rabbie Banafsheha and Tony Azzi representing Marcus & Millichap.