June Luo & Wilbur Luo Acquire 6-Unit Multifamily In Santa Monica For $4.15M
1250 Stanford Street, Santa Monica, California 90404, United States
$4,150,000
$755/SF
Building Size
5,490 SF
Asset Type
MultiFamily
Closing
Jun 9, 2022
AI
A multifamily property located at 1250 Stanford St. in Santa Monica has been sold for $4,150,000. The property consists of 6 units with a total square footage of 5,490. The price per unit is calculated to be $691,666, and the price per square foot is $755.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,150,000
- Address: 1250 Stanford St.
- Market: Santa Monica
The buyer of the property is June Luo & Wilbur Luo, while the seller is Joel Teague. The transaction was facilitated by brokers John Swartz & Scott Syme from Compass.
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
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93