Garfield Trust Sells Santa Monica Multifamily Property On Cloverfield Blvd For $2.4M
2207 Cloverfield Boulevard, Santa Monica, CA, USA
$2,400,000
$921/SF
Building Size
2,606 SF
Asset Type
MultiFamily
Closing
Apr 25, 2019
AI
A multifamily property located at 2207 Cloverfield Blvd in Santa Monica has been sold for $2,400,000. The property, which spans 2,606 square feet, was sold by Garfield Trust. The sale took place on April 26, 2019. The price per square foot for this transaction was $920.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Address: 2207 Cloverfield Blvd, Santa Monica
- Market: Santa Monica
- Square Footage: 2,606
- Price Per Square Foot: $920
Sarah Arfa and Hope Faust, representing the seller, were the brokers involved in this transaction.
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93