Sean Lee Acquires Multifamily Property In Santa Monica For $7.1M

A multifamily property located at 301 Ashland Ave in Santa Monica has been sold in a recent transaction. The property consists of 9 units with a total square footage of 7,424. The sale price for this transaction was $7,100,000, resulting in a price per unit of $788,888 and a price per square foot of $956.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,100,000
• Address: 301 Ashland Ave, Santa Monica
• Market: Santa Monica

The buyer of this property is Sean Lee, while the seller is Joe Penner. The brokers involved in this transaction are Michael Sterman and Jeff Louks from Marcus & Millichap, as well as Lane Aronson from Berkshire Hathaway.