SOLD
Black Equities Group Acquires Santa Monica Multifamily For $39.5M
1915 Ocean Way
MultiFamily
980 SF
980 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
980 sqft
The multifamily property located at 1915 Ocean Way in Santa Monica has been sold for a total of $39,500,000. The property consists of 70 units, with a price per unit of $564,285.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $39,500,000
- Address: 1915 Ocean Way
- Market: Santa Monica
The buyer of the property is Black Equities Group, represented by Stanley Black. The seller is Equity Residential, represented by Mark Parrell and Sam Zell. The transaction was facilitated by Joseph Grabiec, Greg Harris, and Kevin Green from Institutional Property Advisors, which is part of Marcus & Millichap.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Kevin Green, Mark Parrell, Stanley Black, Greg Harris, Sam Zell & Joseph Grabiec
DATE: 04/29/2021
ADDRESS: 1915 Ocean Way
MARKET: Santa Monica
ASSET TYPE: Multifamily
BUYER: Black Equities Group - Stanley Black
SELLER: Equity Residential - Mark Parrell & Sam Zell
BROKERS: Joseph Grabiec, Greg Harris & Kevin Green - Institutional Property Advisors - Marcus & Millichap
SALE PRICE: $39,500,000
UNITS: 70 ~ PPU: $564,285View on map
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Address1915 Ocean Way
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