Therese Hayes & Frank Tysen Sell Santa Monica Multifamily For $2.57M With Brokers David Messiah & Cameron Samimi
SOLD
$2,565,000
California
See Similar DealsMultiFamily4,454 SF
Sold 08/21/2025
SOLD
Therese Hayes & Frank Tysen Sell Santa Monica Multifamily For $2.57M With Brokers David Messiah & Cameron Samimi
1332 10th Street
See Similar DealsMultiFamily4,454 SF
Sold 08/21/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$575
Total Square Footage:4,454 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,112.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,159.41
Annual Debt Service$145,912.90
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