Updated Dec 21, 2023
Seppi Esfandi Acquires Multifamily Property In Santa Monica For $5.02M
1452 Berkeley Street, Santa Monica, CA, USA
$5,019,000
$317/SF
Building Size
15,794 SF
Asset Type
MultiFamily
Closing
Aug 11, 2019
About this deal
AI
A multifamily property located at 1343 19th Street and 1452 Berkeley Street in Santa Monica has been sold for $5,019,000. The property spans a total of 15,794 square feet, resulting in a price per square foot of $317.78. The transaction took place on August 12, 2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,019,000
- Market: Santa Monica
- Address: 1343 19th Street, 1452 Berkeley Street
- Square Footage: 15,794
- Price per Square Foot: $317.78
The buyer, Seppi Esfandi, acquired the property from Debbie Belkin and Mark Brown. The transaction was facilitated by Reza Ghobadi from the Ghobadi agency.
On the Map
$5,019,000
$317/SF
MultiFamily
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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
3.16%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93