Jonathan Hekmat Acquires Multi Family Property In Santa Monica For $1.65M
2310 Ocean Park Boulevard, Santa Monica, CA 90405
$1,650,000
$237/SF
Building Size
6,948 SF
Asset Type
MultiFamily
Closing
Aug 31, 2018
AI
The multi-family property located at 2310 Ocean Park Blvd, Santa Monica was recently sold for a price of $1,650,000. The property spans across 6,948 square feet, resulting in a price per square foot of $237.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $1,650,000
- Address: 2310 Ocean Park Blvd, Santa Monica
- Market: Santa Monica
The seller of the property was the Fogel Dorfman Family Trust, while the buyer was Jonathan Hekmat, also known as @Johnny_Hek. The transaction was facilitated by Brian Weiner and Jonathan Hekmat's representative from Flans & Weiner, @BrianWeinerLA.
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93