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
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.
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