Updated Sep 30, 2026
Joe Carr Sells Multifamily Property At 1127 5th Street Santa Monica For $2,205,000
1127 5th Street
$2,205,000
$346/SF
Building Size
6,366 SF
Asset Type
MultiFamily
Closing
Sep 18, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 1127 5th Street in the Santa Monica market. The sale was completed at a total price of $2,205,000, involving 8 units with a price per unit of $275,625. The total square footage of the property is 6,366 with a price per square foot of $346.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,205,000
- Units: 8
- Price Per Unit: $275,625
- Square Footage: 6,366
- Price Per Square Foot: $346
- Seller: Joe Carr
- Brokers: John Boyett & Logan McCullough - CBRE
- Date of Transaction: 09/18/2026
John Boyett and Logan McCullough represented the seller, Joe Carr, during this multifamily property transaction. Their involvement facilitated the completion of this deal in the Santa Monica market.
On the Map
$2,205,000
$346/SF
MultiFamily
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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
7.19%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93