Marcus & Millichap's LAAA Team Sells Santa Monica Multifamily Property For $4.1M | 2683 34th Street | Glen Scher, Aida Memary Scher, Filip Niculete | MultiFamily | Sale

Summary

Sale

CALIFORNIA

MultiFamily

8,875 sqft

An all cash transaction for a multifamily property located at 2683 34th St in Santa Monica has been closed. The property consists of 12 units and was sold for a price of $4,100,000. The price per square foot comes out to be $660.44. The sale took place during the COVID-19 pandemic and the buyer opened escrow fully non-contingent. The transaction was completed in an 18-day escrow period and generated multiple offers. It is worth mentioning that the seller is exchanging out of state.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $4,100,000
Units: 12
Price per Square Foot: $660.44
Market: Santa Monica

The Marcus & Millichap LAAA team, represented by Aida Memary, Filip Niculete, and Glen Scher, served as the brokers for this deal.

Players

All
4

Agents
3
Agencies
1

Glen Scher

Senior Vice President

$627.1M Sold

Aida Memary Scher

Associate

$90.8M Sold

Filip Niculete

Senior Managing Director

$667.6M Sold

Marcus & Millichap

Details

Deal Summary

SOLD

IMAGE: Aida Memary, Glen Scher & Filip Niculete @LAAATeam DATE: 10/13/2020 ADDRESS: 2683 34th St MARKET: Santa Monica ASSET TYPE: Multifamily BROKERS: Aida Memary, Filip Niculete, Glen Scher - Marcus & Millichap LAAA Team SALE PRICE: $4,100,000 UNITS: 12 ~ PPSF: $660.44.44 NOTE: All Cash Transaction 18 Day Escrow Buyer Opened Escrow Fully Non-Contingent, Closed During COVID-19 Pandemic, Generated Multiple Offers, Seller is Exchanging out of State

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Address2683 34th Street

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