Details

  • Price: $1,945,000
  • Cap Rate: 4.41%
  • GRM: 16.84
  • Cost per SF: $494.91
  • Cost per unit: $486,250
  • Year Built: 1967
  • Square Footage: 6,461
  • Lot Size: 3,930 SF
  • Units: 4
  • No. Stories: 2
  • Parking: 5 Spaces
  • Transaction Type: Sold
  • Zoning: SMR2
  • Building Class: B
  • APN/Parcel ID: 4285-036-018

Just Closed: 4 Units | Santa Monica, CA

𝗝𝘂𝘀𝘁 𝗖𝗹𝗼𝘀𝗲𝗱: 𝟵𝟮𝟬 𝗠𝗮𝗿𝗶𝗻𝗲 𝗦𝘁. | 𝗦𝗮𝗻𝘁𝗮 𝗠𝗼𝗻𝗶𝗰𝗮 | $𝟭,𝟵𝟰𝟱,𝟬𝟬𝟬

𝗜𝗻𝘃𝗲𝘀𝘁 𝗜𝗻 𝗥𝗲𝘀𝘂𝗹𝘁𝘀 | 𝗔𝗱𝘃𝗮𝗻𝗰𝗶𝗻𝗴 𝗧𝗼𝗴𝗲𝘁𝗵𝗲𝗿 | 𝗚𝗿𝗼𝘄 𝗬𝗼𝘂𝗿 𝗟𝗲𝗴𝗮𝗰𝘆

𝗹𝘂𝗰𝗿𝘂𝗺𝗿𝗲.𝗰𝗼𝗺

Lucrum Real Estate Group of KW Commercial is thrilled to announce our latest closing of a 4-unit multifamily investment property in Santa Monica, CA.

Raymond A. Rodriguez represented the Seller and Buyer in this sale. The Seller sold this property as part of facilitating the down-leg to his 1031 Exchange and the Buyer acquired this property as part of his real estate investment growth plan for building a portfolio of value-added multifamily investment properties in high-barrier to entry and quality locations.

The Seller is a repeat client of Lucrum’s and a Legacy Partner having transacted multiple properties with our team. This was our first of many sales to come with the Buyer as we have a clear plan in place for securing more opportunities that fit his real estate business model.

Congrats to our valued clients on another smooth, timely, and successful closing! It has been a pleasure serving you. Thank you to EVERYONE who helped make this sale possible. On to the next one!

If you need a little help navigating through this dynamic market, Lucrum offers many services that can help you maximize your investment property’s cash flow, value & equity.

We can also help you source a qualified Buyer at maximum value for your property on your terms and timeline.

Looking for results and a stress-free 1031 Exchange Experience?

Contact us today!

 

 

By: Lucrum
April 7, 2021

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