Updated Dec 4, 2024
Kay Steins Acquires Multifamily Property In Santa Monica For $2.3M
1531 Harvard Street
$2,292,500
$521/SF
Building Size
4,397 SF
Asset Type
MultiFamily
Closing
Oct 24, 2023
About this deal
AI
A multifamily property located at 1531 Harvard Street in Santa Monica was recently sold in a transaction. The property consists of 5 units with a total square footage of 4,397. The asking price for the property was $2,350,000, and it was eventually sold for $2,292,500. This translates to a price per unit of $458,500 and a price per square foot of $521.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,292,500
- Units: 5
- Price per Unit: $458,500
- Total Square Footage: 4,397
- Price per Square Foot: $521
- Address: 1531 Harvard Street, Santa Monica
The buyer in the transaction was Kay Steins, while Reza Iranpour served as the seller. The brokerage firm Remax was represented by Jake Plewa in the deal.
On the Map
$2,292,500
$521/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
6.92%
Cash-on-Cash
-1.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93