Selina Hoffman Acquires Multifamily Property From Rose Star In Santa Monica For $1.575M
SOLD
$1,575,000
California
See Similar DealsMultiFamily2,459 SF
Sold 09/04/2025
SOLD
Selina Hoffman Acquires Multifamily Property From Rose Star In Santa Monica For $1.575M
1423 Cloverfield Boulevard
See Similar DealsMultiFamily2,459 SF
Sold 09/04/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$640
Total Square Footage:2,459 SF
Transaction Type:Sale
A multifamily property located at 1423 Cloverfield Boulevard in the Santa Monica market has been sold. The sale price for the asset amounted to $1,575,000 for a total of 2,459 square feet, resulting in a price per unit of $525,000 and a price per square foot of $640.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,575,000
- Units: 3
- Square Footage: 2,459
- Price Per Unit: $525,000
- Price Per Square Foot: $640
- Buyer: Selina Hoffman
- Seller: Rose Star
- Broker Representatives: Jake Glaser & Spencer Chan - Lyon Stahl Investment Real Estate
This transaction featured Selina Hoffman as the buyer and Rose Star as the seller. The brokers involved in the deal were Jake Glaser and Spencer Chan, who represented the seller in this multifamily property transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$84,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,595.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,466.30
Annual Debt Service$89,595.64
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