Ray Rodriguez Acquires Multifamily Property In Santa Monica For $1.945M

A multifamily property located at 920 Marine St. in Santa Monica has been sold for $1,945,000. The property consists of four units, with a price per unit of $486,250. The total square footage is approximately 3,930, resulting in a price per square foot of $520. The sale of this property represents a cap rate of 4.13%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,945,000
• Units: 4
• Price Per Unit: $486,250
• Square Footage: 3,930
• Price Per Square Foot: $520
• Cap Rate: 4.13%

The sale of this property was facilitated by Ray Rodriguez from LucrumRE of KWCommercialSocal.