10 Units | Santa Monica | 14 Day Close | All Cash
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The LAAA Team of Marcus & Millichap is proud to announce the successful sale of 10 units located at 1846 10th Street, in Santa Monica, California. Built in 1958, the asset sits on 11,990 square feet of land with 9,076 square feet of rentable area and boasts a great unit mix with all 10 of its unit being 2-Bed / 1-Bath units.
This well maintained property is located in a treelined street with garage parking and plenty of permitted city parking for tenants and their guests. 3 out of 10 units have washer and dryers with the opportunity to add value by installing washer and dryers into the remaining units.
Through our superior marketing platform, we were able to generate multiple offers in a very short amount of marketing time and opened escrow after only 14 days of marketing this listing. The winning Buyer was a local investor who earned the deal through his amazing terms of his offer. This was an all cash close with a one day due diligence period, and it closed in 14 calendar days.
For more information about this transaction or a complimentary evaluation for your property and to examine your 1031 exchange options, give us a call today!
Closing
