CBRE's John Boyett & Logan McCullough Facilitate Multifamily Sale At 1518 Euclid Street For $6.59M
SOLD
$6,592,000
California
See Similar DealsMultiFamily20,276 SF
Sold 07/31/2024
SOLD
CBRE's John Boyett & Logan McCullough Facilitate Multifamily Sale At 1518 Euclid Street For $6.59M
1518 Euclid Street
See Similar DealsMultiFamily20,276 SF
Sold 07/31/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$325
Total Square Footage:20,276 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily building located at 1518 Euclid Street in Santa Monica. The sale was executed for a total price of $6,592,000, comprising 20 units with a price per unit of $329,600. The total square footage of the asset is 20,276, which translates to a price per square foot of $325.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,592,000
- Units: 20
- Price Per Unit: $329,600
- Square Footage: 20,276
- Price Per Square Foot: $325
- Address: 1518 Euclid Street
- Market: Santa Monica
The brokers representing this transaction are John Boyett and Logan McCullough from CBRE. Their involvement highlights the key roles brokers play in facilitating real estate transactions of this nature.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$351,573.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,419.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,249.44
Annual Debt Service$374,993.32
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