Kay Steins Acquires Multifamily Property In Santa Monica For $2.3M
SOLD
$2,292,500
California
See Similar DealsMultiFamily4,397 SF
Sold 10/24/2023
SOLD
Kay Steins Acquires Multifamily Property In Santa Monica For $2.3M
1531 Harvard Street
See Similar DealsMultiFamily4,397 SF
Sold 10/24/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$521
Total Square Footage:4,397 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,144.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,867.62
Annual Debt Service$130,411.43
Is there something missing? Send suggestions