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
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
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93