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1518 Euclid Street

CBRE's John Boyett & Logan McCullough Facilitate Multifamily Sale At 1518 Euclid Street For $6.59M
SOLDMultiFamily

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

John Boyett

CBRE

Broker

$190.7M

vol

32 deals

Broker

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