Yusuke Kimiwa Acquires 2615 2nd Street Multifamily In Santa Monica For $3.3M

The multifamily property located at 2615 2nd Street in Santa Monica was sold for $3,300,000. The property consists of 7 units with a total square footage of 4,696. The price per unit was $471,429 and the price per square foot was $703. With a cap rate of 5.23%, this asset offers a lucrative investment opportunity in the Santa Monica market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,300,000
• Units: 7
• Square Footage: 4,696
• Price Per Unit: $471,429
• Price Per Square Foot: $703
• Cap Rate: 5.23%
• Address: 2615 2nd Street, Santa Monica

Yusuke Kimiwa acquired the property from Masako Aikawa in this transaction. The seller's representative for this deal was Han Widjaja Chen from Growth Investment Group. The involvement of these key individuals and the representative signifies a strategic and successful real estate transaction in the Santa Monica market.