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
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