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1130 22nd Street

Tamar Springer Purchases Multifamily Property At 1130 22nd Street From Ross Sklar For $2.155M
SOLDMultiFamily

Tamar Springer Purchases Multifamily Property At 1130 22nd Street From Ross Sklar For $2.155M

1130 22nd Street

$2,155,000

$960/SF

Building Size

2,243 SF

Asset Type

MultiFamily

Closing

Jun 2, 2025

AI

The property asset involved in this transaction is a multifamily unit located at 1130 22nd Street in Santa Monica. The sale price was $2,155,000 for a total of 4 units, translating to a price per unit of $538,750. The total square footage of the asset is 2,243, resulting in a price per square foot of $960.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,155,000
  • Units: 4
  • Price per Unit: $538,750
  • Square Footage: 2,243
  • Price per Square Foot: $960
  • Buyer: Tamar Springer
  • Seller: Ross Sklar
  • Buyer's Representative: Julie Solnit - Nourmand & Associates
  • Seller's Representative: Jake Glaser - Lyon Stahl Investment Real Estate

This transaction highlights the roles of key individuals in the deal, with Julie Solnit representing the buyer and Jake Glaser representing the seller, both facilitating the successful sale of the property.

Players

Jake Glaser

Lyon Stahl Investment Real Estate

Broker

$164.8M

vol

72 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

7.36%

Cash-on-Cash

-2.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93