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835 Ashland Ave
SoldMultifamily

835 Ashland Ave

Sold | $4.64M

Santa Monica, CA 90405 | Closed 4/24/2022

Sold
835 Ashland Ave

Don Favia

Sr. Vice President | Realty Investment Advisors

dfavia@riacre.com | 424-377-6002

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Property Highlights

9

Units

$515,556

Price / Unit

1960

Year Built

2022

Year Sold

9 Units on Ashland Ave. Quiet Money.

Ashland Ave is one of those quiet Santa Monica streets where buildings trade at a premium because owners hold for decades and inventory almost never comes up. Nine units, well-maintained, $515K per door. We matched this with a buyer from our Santa Monica investor network who had been waiting for something on this side of town. Sometimes the right deal is just a matter of timing and knowing who's looking.

Transaction Highlights

  • $515K per unit on a low-turnover Santa Monica street
  • Buyer was already in our network, waiting for the right one
  • Closed April 2022 at strong pricing
  • Ashland Ave: quiet residential pocket, premium rents
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