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1452 Berkeley Street, Santa...

Seppi Esfandi Acquires Multifamily Property In Santa Monica For $5.02M
SOLDMultiFamily

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

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.

Players

Reza Ghobadi

Colliers

Broker

$277.6M

vol

37 deals

Broker

Seppi Esfandi

Buyer

$22.3M

vol

2 deals

Buyer

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