SOLD
LAAATeam Sells Santa Monica Multifamily Property For $10.1M
2721 6th Street
MultiFamily
18,300 SF
18,300 SF
Summary
Sale
CALIFORNIA
MultiFamily
18,300 sqft
Located at 2721 6th St. in Santa Monica, this multifamily property was recently sold on November 6, 2020. The property consists of 22 units with a total square footage of 18,300. The sale price for this property was $10,100,000, resulting in a price per unit of $459,091. The price per square foot was calculated to be $551, and the Gross Rent Multiplier (GRM) for this transaction was 16.60. The Capitalization Rate (CAP) was 4.05%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,100,000
- Address: 2721 6th St., Santa Monica
- Market: Santa Monica
The listing agents for this transaction were Aida Memary, Glen Scher, and Filip Niculete from @LAAATeam. The selling agents were Aida Memary, Arash Memary, Jonathan Erster, Glen Scher, and Filip Niculete, also from @LAAATeam.
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Details
SOLD
IMAGE: Arash Memary, Filip Niculete, Glen Scher, Aida Memary & Jonathan Erster
DATE: 11/06/2020
ADDRESS: 2721 6th St.
MARKET: Santa Monica
ASSET TYPE: Multifamily
LISTING AGENTS: Aida Memary, Glen Scher, Filip Niculete @LAAATeam
SELLING AGENTS: Aida Memary, Arash Memary, Jonathan Erster, Glen Scher, Filip Niculete @LAAATeam
PRICE: $10,100,000
UNITS: 22 ~ PPU: $459,091
SF: 18,300 ~ PPSF: $551
GRM: 16.60 ~ CAP: 4.05%View on map
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Address2721 6th Street
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