Holland Ashrafnia Purchases Development Site From Scott Myers For $5,725,000 In Santa Monica
745 & 749 17th Street, Santa Monica, Ca, 90402
$5,725,000
$319/SF
Building Size
17,895 SF
Asset Type
Development Site
Closing
Mar 20, 2026
AI
The development site located at 745 & 749 17th Street in Santa Monica has been sold for $5,725,000. The total square footage of the property is 17,895, resulting in a price per square foot of $319.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,725,000
- Address: 745 & 749 17th Street
- Market: Santa Monica
- Square Footage: 17,895
- Price Per Square Foot: $319
- Buyer: Holland Ashrafnia
- Seller: Scott Myers
- Brokers: Glenn Brander & Zach Friedman - Miller & Desatnik Realty
The deal was facilitated by Glenn Brander and Zach Friedman, who represent the brokerage firm Miller & Desatnik Realty. The transaction highlights the involvement of these brokers in overseeing and negotiating the details of this property sale.
Players
Santa Monica Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.77%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93