Updated May 12, 2025
NAI Capital Brokers Acquire Multifamily Property In Santa Monica For $12.1M
2643 Centinela Ave, Santa Monica, CA, USA
$12,100,000
$426/SF
Building Size
28,403 SF
Asset Type
MultiFamily
Closing
Apr 21, 2020
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 2643 Centinela Ave in Santa Monica. The sale price reached $12,100,000, encompassing an area of 28,403 square feet, which translates to a price per square foot of $426.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,100,000
- Address: 2643 Centinela Ave
- Market: Santa Monica
- Square Footage: 28,403
- Price per Square Foot: $426
- Brokers: Sheri Messerlian & Tim Steuernol - NAI Capital
The deal was represented by brokers Sheri Messerlian and Tim Steuernol from NAI Capital, who facilitated the transaction involving the multifamily asset in Santa Monica. Their expertise contributed to the successful closing of this property sale.
On the Map
$12,100,000
$426/SF
MultiFamily
View full map
Players
Santa Monica MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Sheri Messerlian to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.31%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93