1231 17th Street is an ideal investment opportunity in the heart of Downtown Santa Monica for an owner/user or investor. Located just south of Wilshire Blvd., the subject property offers proximity to the hustle and bustle of the Downtown Santa Monica neighborhood and ease of access to major employment centers throughout the Westside.
Successful Marketing Leads to Over Asking Offer in SM
1231 17th Street, Santa Monica
Price Paid: $2,500,000
About The Property
Year Built 1950
City Santa Monica
Sq. ft. 3,878 SF
Lot Size 7,522 SF
The sellers had owned and lived at the property for over 30 years. The property had been listed with a well-known apartment brokerage house for 6 months and generated very few offers and opened no escrows. Tired of ownership headaches, the owners were ready to trade into a NNN asset.
When the owners contacted Kenny, he took over the listing at the same price. Kenny Stevens Team used a multi-pronged marketing campaign to identify interested buyers. After 3 weeks, the successful campaign generated multiple offers at or near the asking price. Within 30 days of the listing, we were in escrow and non- contingent.
After their horrible experience with the previous agent, the sellers were thrilled to see the results that Kenny could provide in such a short time and accepted an above asking offer. They are now in escrow on a NNN asset which will increase their cash flow and have no management responsibilities.
Kenny allowed me to move on with selling my property as quickly as possible. During a time of regulatory change, his real estate knowledge was able to time the markets perfectly to get me the best return on my investment. I look forward to continuing my future business projects with him!
I wanted to reach out and thank you for donating a share of your Ridgewood commission to A Place Called Home. When Selwyn told me that he had asked, and you agreed I was overwhelmed. A Place Called Home ( APCH) is a cause dear to my heart. I have sat on the board for the last five years and this June I will become the Chairwoman. Thank you for your great service, and I look forward to many more deals down the road.
I chose to hire Kenny over the other agents because of his dedication and persistence over the years, as well as his keeping me abreast of current market trends. I was extremely happy with the price he got us, and over all I would say his team performed brilliantly.