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1457 12th St Santa Monica, ...

Harold Donald Kidson & Sally H. Kidson Acquire Mixed-Use Property In Santa Monica For $3.5M
SOLDMixed-use

Harold Donald Kidson & Sally H. Kidson Acquire Mixed-Use Property In Santa Monica For $3.5M

1457 12th St Santa Monica, CA 90401, USA

$3,500,000

$466/SF

Building Size

7,500 SF

Asset Type

Mixed-use

Closing

Jun 2, 2023

AI

The mixed-use property located at 1457 12th Street in Santa Monica has been sold for a price of $3,500,000. The property spans across 7,500 square feet of land, resulting in a price per square foot of $467.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $3,500,000
  • Address: 1457 12th Street, Santa Monica
  • Market: Santa Monica
  • Land Size: 7,500 square feet
  • Price per Land Square Foot: $467

The buyers of the property are Harold Donald Kidson and Sally H. Kidson. The sellers of the property are the Pluralistic School. The transaction was facilitated by brokers T.C. Macker from WESTMAC Commercial Brokerage Company and J. Patrick Sheekey from Highland Partners.

Players

J. Patrick Sheekey

Highland Partners

Broker

$30.9M

vol

6 deals

Broker
RT
Revocable TrustBuyer

Los Angeles Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93