Therese Hayes & Frank Tysen Sell Santa Monica Multifamily For $2.57M With Brokers David Messiah & Cameron Samimi
1332 10th Street
$2,565,000
$575/SF
Building Size
4,454 SF
Asset Type
MultiFamily
Closing
Aug 21, 2025
AI
The property asset involved in this transaction is a multifamily building located at 1330 10th St., Santa Monica, CA. It consists of 5 units and encompasses a total square footage of 4,454. The transaction was finalized at a sale price of $2,565,000, which translates to a price per unit of $513,000 and a price per square foot of $575.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,565,000
- Address: 1330 10th St., Santa Monica, CA
- Units: 5
- Square Footage: 4,454
- Price Per Unit: $513,000
- Price Per Square Foot: $575
- Market: Santa Monica
- Seller: Therese Hayes & Frank Tysen
- Brokers: David Messiah & Cameron Samimi - Lyon Stahl Investment Real Estate
Key individuals involved in the deal include the sellers, Therese Hayes and Frank Tysen, who successfully completed the sale, and the brokers, David Messiah and Cameron Samimi, representing Lyon Stahl Investment Real Estate. Their roles were crucial in facilitating this transaction within the competitive Santa Monica market.
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
6.18%
Cash-on-Cash
-1.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93