Ramin Mesriani Purchases Santa Monica Multifamily Property For $3.6 Million From Thomas And May Ling Yu

The multifamily property located at 1137 11th Street in Santa Monica has been sold for $3,600,000. This asset comprises 11 units and spans a total square footage of 13,913. The price per unit stands at $327,272, while the price per square foot is recorded at $258.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,600,000
• Units: 11
• Square Footage: 13,913
• Price Per Unit: $327,272
• Price Per Square Foot: $258
• Buyer: Ramin Mesriani
• Seller: Thomas Yu & May Ling Yu
• Brokers: Tony Azzi & Rabbie Banafsheha, Arteen Zahiri & Ian Habbestad - Marcus & Millichap

The transaction involved several key individuals, notably the buyer Ramin Mesriani and the sellers Thomas Yu and May Ling Yu. The brokerage representatives from Marcus & Millichap included Tony Azzi, Rabbie Banafsheha, Arteen Zahiri, and Ian Habbestad, who facilitated the deal.