The property asset involved in this transaction is a single-family residence located at 833 23rd Street in Santa Monica. The property sold for $4,500,000 and has a total square footage of 4,195, resulting in a price per square foot of $1,072.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $4,500,000
• Address: 833 23rd Street
• Market: Santa Monica
• Square Footage: 4,195
• Price per Square Foot: $1,072
• Buyer: Yaya Hadi
• Seller: Yueh Mai Lin
• Brokers: Fred Nabati & Michael Davoodpour - Trimax Realty & Loan

This transaction was facilitated by Trimax Realty & Loan, with Fred Nabati and Michael Davoodpour representing the seller in the deal. Trimax demonstrated to the seller the advantages of selling a single-family rental property through a 1031 Exchange, suggesting reinvestment into a multifamily property that could potentially increase monthly net profits by two to three times. For asset analysis, contact Trimax at [email protected] or 424-704-3373.