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.
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