Updated Oct 12, 2026
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:
- Property Type: Multifamily
- Transaction Amount: $4,800,000
- Units: 12
- Square Footage: 14,840
- Price per Unit: $400,000
- Price per Square Foot: $323
- Buyer: Daniel Carole
- Seller: Aubrey Castle
- Seller's Representatives: Jake Glaser - Lyon Stahl Investment Real Estate, Jonathan Taksa - Taksa Investment Group, Kelly Brennan - Serhant
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
$4,800,000
$323/SF
MultiFamily
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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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93