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1122 9th Street, Santa Moni...

Santa Monica Multifamily Sells For $5.2M With Jared Levine & Hirsch Sherman As Brokers
SOLDMultiFamily

Santa Monica Multifamily Sells For $5.2M With Jared Levine & Hirsch Sherman As Brokers

1122 9th Street, Santa Monica, CA, USA

$5,200,000

$502/SF

Building Size

10,352 SF

Asset Type

MultiFamily

Closing

Nov 26, 2019

AI

Hirsch Sherman and Jared Levine of JML Real Estate Group have recently closed a multifamily property transaction in Santa Monica. The property, located at 1122 9th Street, was sold on November 27, 2019.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,200,000
  • Square Footage: 10,352
  • Price per Square Foot: $502.32
  • Number of Units: 10
  • Price per Unit: $520,000

Jared Levine and Hirsch Sherman, who represented the buyers and sellers respectively, were the brokers involved in this successful transaction.

Players

Jared Levine

Broker

$100.5M

vol

22 deals

Broker

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

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93