Theo Oliphant Acquires Multifamily Property On Ocean Avenue In Santa Monica For $9M

Located at 927 Ocean Avenue in Santa Monica, this multifamily property was recently sold in a closed transaction. The property spans a total area of 7,876 square feet and is characterized by its prime location in the Santa Monica market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,000,000
• Address: 927 Ocean Avenue
• Market: Santa Monica

Theo Oliphant successfully acquired the property from Jeffrey Appel in this sale transaction. The deal was facilitated by Jonathan Taksa from Taksa Investment Group, who represented the buyer and seller throughout the negotiation process.

The sale price for this transaction amounted to $9,000,000, resulting in a price per square foot of $1,142. The property's sale represents a significant investment opportunity in the Santa Monica multifamily market.