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Ray Rodriguez Acquires Multifamily Property In Santa Monica For $1.945M

920 Marine Street
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This MultiFamily property located in CA was sold for $1,945,000 about 3 years ago. The broker of the deal was Raymond (Ray) Rodriguez

A multifamily property located at 920 Marine St. in Santa Monica has been sold for $1,945,000. The property consists of four units, with a price per unit of $486,250. The total square footage is approximately 3,930, resulting in a price per square foot of $520. The sale of this property represents a cap rate of 4.13%.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,945,000
  • Units: 4
  • Price Per Unit: $486,250
  • Square Footage: 3,930
  • Price Per Square Foot: $520
  • Cap Rate: 4.13%

The sale of this property was facilitated by Ray Rodriguez from LucrumRE of KWCommercialSocal.

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Deals
  • Location
    920 Marine St, Santa Monica, CA, USA920 Marine St, Santa Monica, CA, USA
  • Sale Price
    $1,945,000$1,945,000
    $494 PPSF$494 PPSF
  • Area
    3,930 SF3,930 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Raymond (Ray) Rodriguez

Raymond (Ray) Rodriguez

Deals7
Sold$24.6M

Agency

Keller Williams

Keller Williams

Agency
Deals1208
Volume$6B

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Deal Summary

SALE IMAGE: Ray Rodriguez @RayRodriguezRE DATE: 02/19/2021 ADDRESS: 920 Marine St. MARKET: Santa Monica ASSET TYPE: Multifamily BROKER: Ray Rodriguez @RayRodriguezRE @LucrumRE @KWCommercialSocal SALE PRICE: $1,945,000 UNITS: 4 ~ PPU: $486,250 SF: 3,930 ~ PPSF: $520 CAP: 4.13%

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920 Marine Street

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