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The Goldfinger Group Acquires Multi Family Property In Santa Monica For $1.5M

724 Ashland Avenue
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This MultiFamily property located in CA was sold for $1,500,000 over 5 years ago. The brokers of the deal were Kate Bransfield and Chris Shahinian

The multi-family property located at 724 Ashland Ave in Santa Monica has been sold for $1,500,000. The property consists of multiple units and is situated in a desirable market.

Summary of transaction details:

  • Property Type: Multi Family
  • Transaction Amount: $1,500,000
  • Price Per Unit (PPU): $375,000
  • Price Per Square Foot (PPSF): $385
  • Gross Rent Multiplier (GRM): 17.44
  • Capitalization Rate (CAP): 3%

The seller of the property was the Hall Family Trust, and the buyer was the Goldfinger Group. Coldwell Banker Residential Brokerage, represented by Kate Bransfield, facilitated the transaction. Chris Shahinian from Central Realty Advisors served as the buyer's agent.

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Deals
  • Location
    724 Ashland Avenue, Santa Monica, CA 90405, USA724 Ashland Avenue, Santa Monica, CA 90405, USA
  • Sale Price
    $1,500,000$1,500,000
    $384 PPSF$384 PPSF
  • Area
    3,898 SF3,898 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Chris Shahinian

Chris Shahinian

Deals5
Sold$8.3M

Agency

Coldwell Banker

Coldwell Banker

Agency
Deals1405
Volume$9.3B

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Deal Summary

SALE IMAGE: Maxx Feldman and Chris Shahinian DATE: 11/28/2018 ADDRESS: 724 Ashland Ave MARKET: Santa Monica ASSET TYPE: Multi Family PRICE: $1,500,000 PPU: $375,000 PPSF: $385 GRM: 17.44 CAP: 3% SELLER: Hall Family Trust BUYER: @TheGoldfingerGroup BROKERS: Coldwell Banker Residential Brokerage - Kate Bransfield BUYER'S AGENT: Central Realty Advisors - Chris Shahinian

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724 Ashland Avenue

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