Nancy Chan Sells Multifamily Property At 1547 Stanford Street In Santa Monica For $2.1M

The property asset involved in the transaction is a multifamily unit located at 1547 Stanford Street in Santa Monica. The sale price for the asset was $2,100,000, comprising a total square footage of 8,641. The property includes 6 units, with a price per unit calculated at $350,000. Built in 1970, the price per square foot stands at $243.03.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $2,100,000
• Address: 1547 Stanford Street
• Market: Santa Monica
• Square Footage: 8,641
• Price per Square Foot: $243.03
• Units: 6
• Price per Unit: $350,000
• Year Built: 1970
• Seller: Nancy Chan
• Buyer's Representative: John Boyett & Logan McCullough - CBRE
• Seller's Representative: Kyle Mirrafati & Charles Wright - Matthews

The transaction engaged key representatives in the real estate market, with John Boyett and Logan McCullough of CBRE representing the buyer. On the other side, the seller was represented by Kyle Mirrafati and Charles Wright from Matthews, facilitating the completion of the multifamily asset sale.