Updated Dec 20, 2023
Santa Monica Multifamily Sells For $2.75M With Reps Filip Niculete, Glen Scher & Aida Memary
1111 12th Street, Santa Monica, CA, USA
$2,750,000
$845/SF
Building Size
3,254 SF
Asset Type
MultiFamily
Closing
Jan 21, 2020
About this deal
AI
In a recent closed transaction in Santa Monica, a multifamily property located at 1111 12th St was sold. The property consists of 7 units with a total square footage of 3,254. The sale price for this transaction was $2,750,000, resulting in a price per square foot of $845.11. The unit price averaged at $392,857.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,750,000
- Square Footage: 3,254
- Price per Square Foot: $845.11
- Address: 1111 12th St, Santa Monica
The deal was facilitated by brokers Filip Niculete, Glen Scher, and Aida Memary, representing the parties involved in the transaction. Their expertise and industry knowledge contributed to the successful sale of the property.
Players
Santa Monica MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93