Ray Carr Sells Multifamily Asset At 947 7th Street Santa Monica For $2,525,000

This multifamily asset, located at 947 7th Street in Santa Monica, has been sold for a transaction amount of $2,525,000. The property comprises 7 units and has a total square footage of 6,313, resulting in a price per unit of $360,714 and a price per square foot of $399.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,525,000
• Units: 7
• Square Footage: 6,313
• Price Per Unit: $360,714
• Price Per Square Foot: $399
• Address: 947 7th Street
• Market: Santa Monica
• Seller: Ray Carr
• Broker Representatives: John Boyett & Logan McCullough - CBRE

John Boyett and Logan McCullough, representing the seller Ray Carr, facilitated this transaction, marking a significant activity in the Santa Monica market. The brokers' involvement highlights their role in navigating the complexities of the multifamily property market.