Updated Oct 16, 2026
SANTA MONICA OCEAN PARK LLC Acquires Multifamily Property In Santa Monica For $2,450,000
2820 3rd St
$2,450,000
$528/SF
Building Size
4,636 SF
Asset Type
MultiFamily
Closing
Jun 27, 2025
About this deal
AI
The property asset involved in this transaction is a MultiFamily unit located at 2820 3rd St, Santa Monica, CA. The sale price for this asset was $2,450,000.00, and it encompasses a total square footage of 4,636.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,450,000.00
- Address: 2820 3rd St
- Market: Santa Monica, CA
- Square Footage: 4,636
- Buyer: SANTA MONICA OCEAN PARK LLC
- Broker Representatives: Troy Lucero - Transwestern & Josh Kaplan - Transwestern
The deal features SANTA MONICA OCEAN PARK LLC as the buyer, with representation from brokers Troy Lucero and Josh Kaplan, both affiliated with Transwestern. This collaboration showcases the involvement of experienced professionals in facilitating the transaction.
On the Map
$2,450,000
$528/SF
MultiFamily
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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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93