Ideal Capital Acquires Multifamily Property In Central Coast For $51M

The multifamily property located at 3554 Ranch House Road in Central Coast has been sold in a closed transaction. The deal was finalized on July 30, 2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $51,000,000
• Market: Central Coast
• Units: 105
• Price Per Unit (PPU): $481,904
• Buyer: Ideal Capital
• Seller: WestCreek
• Brokers: Dean Zander, Stew Weston, and Jef Henderson

The property consists of 105 units, and it was sold at a price of $51,000,000. The buyer, Ideal Capital, acquired the property from the seller, WestCreek. The brokers involved in the transaction were Dean Zander, Stew Weston, and Jef Henderson.