Preston & Bryce Ezralow Acquire Multifamily Property In Santa Monica For $5.45M

The property asset involved in this transaction is a multifamily building located at 947 4th Street in Santa Monica, California. The sale price was $5,450,000, which breaks down to a price per unit of $1,090,000. The total square footage of the asset is 9,186, resulting in a price per square foot of $593.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,450,000
• Units: 5
• Square Footage: 9,186
• Price Per Unit: $1,090,000
• Price Per Square Foot: $593
• Buyer: Preston & Bryce Ezralow
• Seller: May Ling Yu
• Brokers: Tony Azzi & Rabbie Banafsheha - Marcus & Millichap
• Market: Santa Monica

The key individuals involved in this transaction include the buyers, Preston and Bryce Ezralow, who acquired the property from seller May Ling Yu. The deal was facilitated by brokers Tony Azzi and Rabbie Banafsheha from Marcus & Millichap, representing the respective parties in the transaction.