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Marcus & Millichap Sells Multifamily Property In Santa Barbara For $2.61M With Buyers Rep Glen Scher, Filip Niculete & Michael McNulty Jr

318 South Voluntario Street
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This MultiFamily property located in CA was sold for $2,610,000 almost 3 years ago. The brokers of the deal were Michael Mcnulty, Glen Scher, and Filip (Fil) Niculete

A multifamily property located at 318 S Voluntario St in Santa Barbara has been sold for a price of $2,610,000. The property consists of 8 units with a price per unit of $326,250. Spanning across 5,500 square feet, the property has a price per square foot of $470. The transaction took place on April 16, 2021, and was facilitated by brokers Michael McNulty Jr., Filip Niculete, and Glen Scher from LaaaTeam - Marcus & Millichap, as well as Eadan Avgi from Keller Williams Beverly Hills.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,610,000
  • Units: 8
  • Price Per Unit: $326,250
  • Square Footage: 5,500
  • Price Per Square Foot: $470
  • Capitalization Rate: 4.85%
  • Gross Rent Multiplier: 13.53
  • Market: Santa Barbara

Leading the deal were brokers Michael McNulty Jr., Filip Niculete, and Glen Scher from LaaaTeam - Marcus & Millichap, along with Eadan Avgi from Keller Williams Beverly Hills. Their expertise and dedication played a significant role in facilitating this transaction.

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Deals
  • Location
    318 S Voluntario St, Santa Barbara, CA, USA318 S Voluntario St, Santa Barbara, CA, USA
  • Sale Price
    $2,610,000$2,610,000
    $474 PPSF$474 PPSF
  • Area
    5,500 SF5,500 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Glen Scher

Glen Scher

Deals161
Sold$624.5M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Glen Scher, Filip Niculete & Michael McNulty Jr. DATE: 04/16/2021 ADDRESS: 318 S Voluntario St MARKET: Santa Barbara ASSET TYPE: Multifamily BROKERS: Michael McNulty Jr., Filip Niculete & Glen Scher @LaaaTeam - Marcus & Millichap, @EadanAvgi - Keller Williams Beverly Hills SALE PRICE: $2,610,000 UNITS: 8 ~ PPU: $326,250 SF: 5,500 ~ PPSF: $470 CAP: 4.85% GRM: 13.53

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318 South Voluntario Street

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