Tamar Springer Purchases Multifamily Property At 1130 22nd Street From Ross Sklar For $2.155M
SOLD
$2,155,000
California
See Similar DealsMultiFamily2,243 SF
Sold 06/03/2025
SOLD
Tamar Springer Purchases Multifamily Property At 1130 22nd Street From Ross Sklar For $2.155M
1130 22nd Street
See Similar DealsMultiFamily2,243 SF
Sold 06/03/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$960
Total Square Footage:2,243 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,656.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,215.80
Annual Debt Service$122,589.59
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