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1518 12th Street

Updated Oct 12, 2026

Daniel Carole Purchases Multifamily Asset From Aubrey Castle In Santa Monica For $4.8M
SOLDMultiFamily

Daniel Carole Purchases Multifamily Asset From Aubrey Castle In Santa Monica For $4.8M

1518 12th Street

$4,800,000

$323/SF

Building Size

14,840 SF

Asset Type

MultiFamily

Closing

Oct 2, 2026

About this deal

AI

This multifamily property, located at 1518 12th Street in Santa Monica, has been sold for $4,800,000. The transaction encompasses 12 units within a building that features a total square footage of 14,840, resulting in a price per unit of $400,000 and a price per square foot of $323.

Summary of transation details:

The transaction involved key figures such as the buyer Daniel Carole and seller Aubrey Castle, alongside their respective representatives, Jake Glaser, Jonathan Taksa, and Kelly Brennan, who facilitated the deal through their respective firms in the Santa Monica market.

NOTE: Head to @theglasergroup for the full deal story.

On the Map

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$4,800,000

$323/SF

MultiFamily

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Players

Jonathan Taksa

Taksa Investment Group

Broker

$597.2M

vol

62 deals

Broker

Daniel Carole

Buyer

$4.8M

vol

1 deal

Buyer

Aubrey Castle

Seller

$4.8M

vol

1 deal

Seller
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Santa Monica MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $323 per square foot on a published $4.8M for 14,840 square feet (2026).

Visit Jake Glaser to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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