Ben Pouldar & Matt Pouldar Acquire Santa Monica Multifamily For $9.85M
SOLD
$9,850,000
California
See Similar DealsMultiFamily15,600 SF
Sold 06/30/2022
SOLD
Ben Pouldar & Matt Pouldar Acquire Santa Monica Multifamily For $9.85M
1008 2nd Street, Santa Monica, California 90403, United States
See Similar DealsMultiFamily15,600 SF
Sold 06/30/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$631
Total Square Footage:15,600 SF
Transaction Type:Sale
The multifamily property located at 1008 2nd St. in Santa Monica has been sold in a recent transaction. The sale was finalized on June 30, 2022, with a sale price of $9,850,000. The property consists of 14 units, providing an average price per unit of $703,571. The total square footage of the property is 15,600, resulting in a price per square foot of $631.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,850,000
- Units: 14
- Average Price per Unit: $703,571
- Square Footage: 15,600
- Price per Square Foot: $631
The buyers in this transaction are Ben Pouldar and Matt Pouldar, while the seller is Jeffrey Nemoy. Representing the buyers and sellers respectively are Jonathan Taksa from Taksa Investment Group and Justin Kohanoff from Westgate Group.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$525,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,994.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,694.03
Annual Debt Service$560,328.30
Is there something missing? Send suggestions