Updated Dec 19, 2023
Rare Westside Portfolio Of Four Multifamily Properties Sold For $19.2M In Santa Monica & West Los Angeles
437 San Vicente Boulevard, Santa Monica, CA, USA
$19,200,000
$532/SF
Building Size
36,067 SF
Asset Type
MultiFamily
Closing
Feb 20, 2020
About this deal
AI
A rare 4-property Westside portfolio, consisting of 3 properties in Santa Monica and 1 in West Los Angeles, has been sold off-market. The properties are well-located in the Santa Monica and West Los Angeles market, offering great potential for investment.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $19,200,000
- Square Footage: 36,067
- Price per Square Foot: $532.34
- Number of Units: 43
- Price per Unit: $446,511
The transaction was facilitated by Jonathan Taksa, representing the buyer and seller in the deal. With his expertise in the market, he successfully closed this off-market deal, securing the portfolio for the buyer while satisfying the seller's goals.
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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93