Peggy Jones Acquires Culver City Multifamily From Shaw Family For $21.6M

The multifamily property located at 5800 Green Valley Circle in Culver City has been sold for $21,625,000. The transaction took place on August 15, 2019. The property spans across 55,124 square feet, resulting in a price per square foot of $392.30. The asset consists of 57 units, with a price per unit of $379,385.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $21,625,000
• Square Footage: 55,124
• Price per Square Foot: $392.30
• Number of Units: 57
• Price per Unit: $379,385
• Address: 5800 Green Valley Circle, Culver City

The property was purchased by Peggy Jones from the Shaw Family. The transaction was facilitated by brokers Tyler Leeson and Matt Ziegler from the Leeson Group.

This transaction marks the first time the property has been on the market, with the Shaw Family being the original owners. The asset is of institutional quality and received multiple offers. A deposit of $1,000,000 was passed through at the signing of the Purchase and Sale Agreement (PSA), and all buyer contingencies were removed at that time. The property was sold as-is.