Investor Acquires Multifamily Property On San Vicente Blvd In Santa Monica For $11.75M

Located on prestigious San Vicente Blvd in Santa Monica, this multifamily property was recently sold off-market to an investor who already owns multiple properties on the street. The courtyard-style property offers a prime location with lots of rental upside. With a total of 27 units and a spacious 19,476 square feet, this property presents an excellent investment opportunity.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,750,000
• Size: 19,476 square feet
• Price Per Square Foot: $603.31
• Number of Units: 27
• Price Per Unit: $435,185
• Brokers: Jonathan Taksa & Rob Renshaw

The deal was facilitated by the experienced team of brokers, Jonathan Taksa and Rob Renshaw, who played a crucial role in connecting the buyer and seller. Their expertise and local market knowledge were instrumental in ensuring a successful transaction for both parties involved in this off-market sale.