Helena Auerbach Acquires Multifamily Property In Santa Monica For $2.4M
1411 West 11th Street, Los Angeles, CA 90015
$2,399,000
$940/SF
Building Size
2,552 SF
Asset Type
MultiFamily
Closing
Dec 31, 2021
AI
The multifamily property located at 1411 11th St. in Santa Monica, Los Angeles has been sold in a closed transaction. The sale took place on December 31, 2021, and the property was purchased for a total of $2,399,000. The property spans 2,552 square feet, resulting in a price per square foot of $940. The buyer of the property is Helena Auerbach, while the seller is Richard Haskins. The transaction was facilitated by brokers Zac Freehling and Mike Matthias from Pacific Partners Los Angeles.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,399,000
- Address: 1411 11th St.
- Market: Santa Monica, Los Angeles
- Buyer: Helena Auerbach
- Seller: Richard Haskins
- Brokers: Zac Freehling & Mike Matthias - Pacific Partners Los Angeles
Zac Freehling and Mike Matthias from Pacific Partners Los Angeles represented the buyer and seller in this transaction. The deal involved the purchase of a multifamily property with a size of 2,552 square feet. The transaction price was $2,399,000, resulting in a price per square foot of $940.
Players
Los Angeles 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93