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1423 Cloverfield Boulevard

Selina Hoffman Acquires Multifamily Property From Rose Star In Santa Monica For $1.575M
SOLDMultiFamily

Selina Hoffman Acquires Multifamily Property From Rose Star In Santa Monica For $1.575M

1423 Cloverfield Boulevard

$1,575,000

$640/SF

Building Size

2,459 SF

Asset Type

MultiFamily

Closing

Sep 3, 2025

AI

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

Jake Glaser

Lyon Stahl Investment Real Estate

Broker

$158.2M

vol

68 deals

Broker
Lyon Stahl Investment Real Estate
Lyon Stahl Investment Real EstateBrokerage

Santa Monica MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.07%

Cash-on-Cash

-2.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93