Oren Kai Purchases Santa Monica Multifamily Asset From Allen Terry For $3.25M

A seven-unit bungalow-style multifamily property located at 1446 Yale Street in Santa Monica has been sold for $3,250,000. The property consists of 4,014 square feet, resulting in a per unit price of $464,285 and a price per square foot of $809.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $3,250,000
• Units: 7
• Square Footage: 4,014
• Price Per Unit: $464,285
• Price Per Square Foot: $809
• Buyer: Oren Kai
• Seller: Allen Terry
• Seller's Representative: Nathan Shaolian - Kidder Mathews

Notably, Nathan Shaolian represented the seller in this transaction. He successfully generated multiple offers and secured a full asking price offer, managing to open escrow just six days after the property was brought to market. The deal closed following a 60-day escrow with a private investor, illustrating Shaolian's effectiveness in the competitive Westside Los Angeles market.