Jonathan Hekmat Acquires Multi Family Property In Santa Monica For $1.65M
SOLD
$1,650,000
California
See Similar DealsMultiFamily6,948 SF
Sold 09/01/2018
SOLD
Jonathan Hekmat Acquires Multi Family Property In Santa Monica For $1.65M
2310 Ocean Park Boulevard, Santa Monica, CA 90405
See Similar DealsMultiFamily6,948 SF
Sold 09/01/2018
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$237
Total Square Footage:6,948 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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