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
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