6-unit Property Sold for Over Asking Price
Patience Pays Huge Dividends for Santa Monica Owner
431 Marine St, Santa Monica
Price Paid: $3,510,000
Kenny met the owner of this property almost ten years ago, and kept in contact every few months.
When the time came to sell the property, the owner interviewed six or seven of the most active real estate agents in the area and choose Kenny because of his unsurpassed track record in achieving close to list price, as well as his long-term follow up.
First Class Ocean Park location, just 6 blocks from the beach! Walking distance to Abbot Kinney, Main St. and Rose Ave. First floor units feature hardwood floors and vaulted ceilings, while all two bedroom units are large “Townhome” style units averaging over 1,000 sqft.
City Los Angeles
Current CAP 2.97%
Current GRM 19.53%
Price p/ Sq. ft. $580,000
Price P/ Unit $541
After keeping in touch with the owner for over 10 years with constant follow up, Kenny was chosen out of a group of 6 highly vetted agents to represent the sale of this property. By heeding Kenny’s advice to do some minor upgrades, and with Kenny’s aggressive marketing campaign, the property received multiple offers and was in escrow within 2 weeks. The ALL-CASH Buyer closed escrow three weeks later for $3,510,000, or $35,000 ABOVE ASKING PRICE!
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.