Cameron Samimi Of Lyon Stahl Investment Real Estate Represents Sale Of Multifamily Property In Santa Monica For $2.25M
SOLD
$2,250,000
California
See Similar DealsMultiFamily3,254 SF
Sold 12/31/2025
SOLD
Cameron Samimi Of Lyon Stahl Investment Real Estate Represents Sale Of Multifamily Property In Santa Monica For $2.25M
1111 12th Street
See Similar DealsMultiFamily3,254 SF
Sold 12/31/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$691
Total Square Footage:3,254 SF
Transaction Type:Sale
The multifamily asset located at 1111 12th Street in Santa Monica has recently been sold for $2,250,000. The property consists of 7 units across a total square footage of 3,254, resulting in a price per unit of $321,428 and a price per square foot of $691.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,250,000
- Units: 7
- Square Footage: 3,254
- Price per Unit: $321,428
- Price per Square Foot: $691
- Market: Santa Monica
Cameron Samimi represented the seller in this transaction. He is affiliated with Lyon Stahl Investment Real Estate, underscoring the involvement of established expertise in the execution of this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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