The Goldfinger Group Acquires Multi Family Property In Santa Monica For $1.5M

The multi-family property located at 724 Ashland Ave in Santa Monica has been sold for $1,500,000. The property consists of multiple units and is situated in a desirable market.

Summary of transaction details:

• Property Type: Multi Family
• Transaction Amount: $1,500,000
• Price Per Unit (PPU): $375,000
• Price Per Square Foot (PPSF): $385
• Gross Rent Multiplier (GRM): 17.44
• Capitalization Rate (CAP): 3%

The seller of the property was the Hall Family Trust, and the buyer was the Goldfinger Group. Coldwell Banker Residential Brokerage, represented by Kate Bransfield, facilitated the transaction. Chris Shahinian from Central Realty Advisors served as the buyer's agent.