Lee & Associates – Negotiates Sale of 11-Unit Multifamily Investment for Over $4.7M

Santa Monica, CA – April 19th, 2021 – Eric von Bluecher of Lee & Associates, Multifamily Advisory Group - North San Diego County, a leading commercial real estate brokerage firm specializing in investment sales and advisory services, represented the Seller, Los Gavilanes LLC, in the sale of 1245 10thStreet. The 11-unit building is a well maintained, mostly stabilized multifamily investment located on 10th and Wilshire in Santa Monica. Each unit offers spacious, efficient, and bright floor plans with an attractive cap rate and upside for the new buyer. The is ideally located near tech companies, shopping, beaches, restaurants, transit and offers a walkable, fun lifestyle. The Buyer, Seasun Real Estate LLC, was represented by Lulu Knowlton of Keller Williams – Santa Monica.The asset sold for $4,718,000.

Eric von Bluecher

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Lee & Associates is a commercial real estate brokerage, management, and appraisal services firm. Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada. Lee & Associates provides superior market intelligence in office, industrial, retail, investment, and appraisal to meet the specialized needs of our clients. For the latest news from Lee & Associates, visit lee-associates.com or follow us on FacebookLinkedInTwitter and Link, our company blog.