Updated Oct 28, 2024
Bold Partners Acquires Multifamily Property In Santa Monica For $6.2M
2103 3rd Street, Santa Monica, CA, USA
$6,200,000
$523/SF
Building Size
11,841 SF
Asset Type
MultiFamily
Closing
Aug 17, 2020
About this deal
AI
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.
The multifamily sale at 2103 3rd Street, Santa Monica, CA, USA in Santa Monica, California sold for $6.2M in 2020. The building is 11,841 square feet, implying about 523 per square foot on the published price. Kelly Giery, Cameron Samimi, Lyon Stahl Investment Real Estate appear on the sale alongside Lyon Stahl Investment Real Estate. This page is the Santa Monica, California file for the 2103 3rd Street, Santa Monica, CA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Santa Monica sit in the Market section below. Filter that Santa Monica multifamily set by closing date to see what else sold near 2103 3rd Street, Santa Monica, CA, USA around 2020. Published consideration for 2103 3rd Street, Santa Monica, CA, USA is $6.2M, dated 2020. Cite this Bold Partners Acquires Multifamily Property In Santa Monica For $6.2M sale when underwriting similar multifamily product around Santa Monica, California.
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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93