Proposition 10: A Threat to All Property Owners and Investors
IN THE NEWS: 1008 2nd Street in Santa Monica just closed at $6,275,000! A rare acquisition opportunity, 1008 2nd St. is located north of Wilshire Blvd. just minutes’ walking time to the beach. The deal made such a splash that the Los Angeles Business Journal, GlobeSt.com, and the Santa Monica Mirror reported on the story!
“This is the first time the property changed hands since construction in 1969,” said Tony Azzi.
It’s not unusual for a building to be held by the same owner for years, which made this deal truly a once in a blue moon opportunity.
Azzi Advisors has been representing buyers and sellers in the Santa Monica real estate market for more than 30 years, selling 35% of multifamily buildings in the city. 1008 2nd Street adds to over one billion dollars in transactions completed by Azzi Advisors.
Check out the full news story by clicking the links above.