Patrick Pan Purchases Multifamily Asset From Anbar Rabizadeh In Santa Monica For $3.05M

The property asset involved in the transaction is a multifamily unit located at 824 Lincoln Boulevard in Santa Monica. The sale price was $3,050,000, encompassing a total of 10 units. The total square footage of the property is 6,480, which reflects a price per unit (PPU) of $305,000 and a price per square foot (PPSF) of $470.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,050,000
• Units: 10
• Square Footage: 6,480
• Price Per Unit: $305,000
• Price Per Square Foot: $470
• Buyer: Patrick Pan
• Seller: Anbar Rabizadeh
• Brokers: Chase Simonton & Andrew Wong - RE/MAX

The deal was facilitated by brokers Chase Simonton and Andrew Wong, representing the transaction through RE/MAX. Their involvement contributed to the connection between the buyer, Patrick Pan, and the seller, Anbar Rabizadeh.