12 May Closing Announcement – 11 units in Santa Monica
Eric von Bluecher of Lee & Associates, Multifamily Advisory Group – North San Diego County, a leading commercial real estate brokerage firm specializing in investment sales and advisory services, represented the Seller, Los Gavilanes LLC, in the sale of 1245 10thStreet. The 11-unit building is a well maintained, mostly stabilized multifamily investment located on 10th and Wilshire in Santa Monica. Each unit offers spacious, efficient, and bright floor plans with an attractive cap rate and upside for the new buyer. The is ideally located near tech companies, shopping, beaches, restaurants, transit and offers a walkable, fun lifestyle. The Buyer, Seasun Real Estate LLC, was represented by Lulu Knowlton of Keller Williams – Santa Monica.The asset sold for $4,718,000.