CBRE's John Boyett & Logan McCullough Facilitate Multifamily Sale At 1518 Euclid Street For $6.59M
1518 Euclid Street
$6,592,000
$325/SF
Building Size
20,276 SF
Asset Type
MultiFamily
Closing
Jul 31, 2024
AI
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.
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
2.41%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93