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914 7th St
SoldMultifamily

914 7th St

Sold | $5.65M

Santa Monica, CA 90403 | Closed 10/20/2021

Sold
914 7th St

Don Favia

Sr. Vice President | Realty Investment Advisors

dfavia@riacre.com | 424-377-6002

Get a Free Valuation

Property Highlights

11

Units

$513,636

Price / Unit

1953

Year Built

2021

Year Sold

11 Units on 7th Street. Multiple Offers.

Eleven units near Ocean Park on 7th Street. We brought this to market and had multiple offers within the first two weeks. The seller initially thought they'd be lucky to get $490K per door. We closed at $513K. That's the difference between listing a building and actually working a building: knowing who's buying in that pocket, what they'll pay, and getting them to the table fast.

Transaction Highlights

  • $513K per unit. Seller expected $490K. We got them more.
  • Multiple offers in the first two weeks on market
  • 7th Street near Ocean Park. Walk to the beach.
  • Smaller Santa Monica buildings like this always draw serious buyers
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