Dennis Pozelli Acquires Multifamily Property From Kay Kim In Santa Monica For $3.25M

The property asset involved in this transaction is located at 1837 18th Street in Santa Monica and is categorized as multifamily. The sale was finalized for $3,250,000, encompassing 7 units. The total square footage of the asset is 7,200, which translates to a price per unit of $464,285 and a price per square foot of $451.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,250,000
• Units: 7
• Price Per Unit: $464,285
• Square Footage: 7,200
• Price Per Square Foot: $451
• Buyer: Dennis Pozelli
• Seller: Kay Kim
• Buyer's Representative: Jake Glaser & Spencer Chan - Lyon Stahl Investment Real Estate
• Seller's Representative: John Katnik - BRC Advisors

This deal was facilitated by Jake Glaser and Spencer Chan representing the buyer, while John Katnik served as the seller's representative. The transaction underscores the involvement of these key individuals and firms in the real estate market in Santa Monica.