Omid Nikayin Of Coldwell Banker Realty Represents Buyer In $4.6M Multifamily Sale, Santa Monica
SOLD
$4,600,000
California
See Similar DealsMultiFamily6,336 SF
Sold 04/01/2021
SOLD
Omid Nikayin Of Coldwell Banker Realty Represents Buyer In $4.6M Multifamily Sale, Santa Monica
2622-26 Montana Ave, Santa Monica, CA, USA
See Similar DealsMultiFamily6,336 SF
Sold 04/01/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$726
Total Square Footage:6,336 SF
Transaction Type:Sale
The multifamily property located at 2622-26 Montana Ave. in Santa Monica has been sold in a recent transaction. The property consists of 10 units with a total square footage of 6,336. The asking price for the property was $4,795,000, and it was sold for $4,600,000. The price per unit was $460,000, and the price per square foot was $726. The sale took place on 04/01/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,600,000
- Address: 2622-26 Montana Ave., Santa Monica
- Market: Santa Monica
- Seller: Edward Jones Trust Company
- Buyer's Representative: Omid Nikayin - Coldwell Banker Realty
- Seller's Representatives: Ryan Dawson & Bill Dawson - Sullivan-Dituri Co.
Omid Nikayin from Coldwell Banker Realty represented the buyer in this transaction. Ryan Dawson and Bill Dawson from Sullivan-Dituri Co. were the seller's representatives.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16
Is there something missing? Send suggestions