Sean Lee Acquires Multifamily Property In Santa Monica For $7.1M | 301 Ashland Avenue | Jeff Louks, Lane Aronson, Michael Sterman | MultiFamily | Sale

Summary

Sale

CALIFORNIA

MultiFamily

7,424 sqft

A multifamily property located at 301 Ashland Ave in Santa Monica has been sold in a recent transaction. The property consists of 9 units with a total square footage of 7,424. The sale price for this transaction was $7,100,000, resulting in a price per unit of $788,888 and a price per square foot of $956.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $7,100,000
Address: 301 Ashland Ave, Santa Monica
Market: Santa Monica

The buyer of this property is Sean Lee, while the seller is Joe Penner. The brokers involved in this transaction are Michael Sterman and Jeff Louks from Marcus & Millichap, as well as Lane Aronson from Berkshire Hathaway.

Players

All
4

Agents
3
Agencies
1

Jeff Louks

Executive Vice President

$279.4M Sold

Lane Aronson

Broker

$18.5M Sold

Michael Sterman

Vice President Investments

$271M Sold

Marcus & Millichap

Details

Deal Summary

SOLD

IMAGE: Michael Sterman & Jeff Louks DATE: 02/25/2022 ADDRESS: 301 Ashland Ave. MARKET: Santa Monica ASSET TYPE: Multifamily BUYER: Sean Lee SELLER: Joe Penner BROKER: Michael Sterman, Jeff Louks - Marcus & Millichap; & Lane Aronson - Berkshire Hathaway SALE PRICE: $7,100,000 UNITS: 9 ~ PPU: $788,888 SF: 7,424 ~ PPSF: $956

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Address301 Ashland Avenue

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