Bold Partners Acquires Multifamily Property In Santa Monica For $6.2M
SOLD
$6,200,000
California
See Similar DealsMultiFamily11,841 SF
Sold 08/17/2020
SOLD
Bold Partners Acquires Multifamily Property In Santa Monica For $6.2M
2103 3rd Street, Santa Monica, CA, USA
See Similar DealsMultiFamily11,841 SF
Sold 08/17/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$523
Total Square Footage:11,841 SF
Transaction Type:Sale
The multifamily property located at 2103 3rd St. in Santa Monica has been sold for a price of $6,200,000. The transaction took place on August 17, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,200,000
- Address: 2103 3rd St., Santa Monica
- Market: Santa Monica
The buyer of the property is Bold Partners, represented by Mark Silver. The seller is Christopher Restak. The brokers involved in the transaction are Kelly Giery and Cameron Samimi.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$330,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96
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