The Seller owned this charming and well-maintained Spanish-Style fourplex in the highly-desired rental market of Santa Monica, just 1/2 block of South of Montana Avenue. After owning the building for several years and having uncertainty around the Los Angeles multifamily market, the Seller felt it was the right was the right time to cash out.
SM Spanish-Style Fourplex Sells in 60 Days
831 12th Street, Santa Monica
Price Paid: $3,130,000
About The Property
Year Built 1928
Price P/ Unit $782,500
Within one month of marketing the property, Kenny generated roughly five competitive offers. Given his expertise in the multifamily market, Kenny toured qualified buyers and created a competitive bidding environment. Ultimately, the Seller accepted an offer at 93% of the listed price and escrow closed 45 days later. The Seller is cashing out and the Buyer is ecstatic that he found the perfect owner/user property for his family members.
Speaking for myself and everyone involved, you were absolutely the best broker we could have selected to market our portfolio. You found an incredible buyer and were able to guide us through so many challenges, including a global pandemic, and secured us a price beyond our expectations.
“I cannot say enough great things about KST. They take care of you, they have the connections needed, and they get the job done! We were amazed at how quickly our sale went through during the COVID pandemic.”
“It was truly a pleasure working with Kenny. He is professional, honest, hardworking and most importantly did what he said he would. Kenny sold the property at list price in less than 60 days from start to finish.”