Updated Oct 13, 2026
Optimus Properties LLC Acquires Multifamily In Santa Monica For $12M
2901 4th Street, Santa Monica, California 90405, United States
$12,000,000
$441/SF
Building Size
27,170 SF
Asset Type
MultiFamily
Closing
Jun 2, 2022
About this deal
AI
Optimus Properties LLC has recently acquired a multifamily property located at 2901 4th St. in Santa Monica. The transaction, which took place on June 3, 2022, was facilitated by Kamyar Shabani from the same company.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $12,000,000
- Address: 2901 4th St., Santa Monica
- Market: Santa Monica
- Units: 22
- Price per Unit (PPU): $545,454
The property, with its 22 units, offers a significant investment opportunity for Optimus Properties LLC. Kamyar Shabani, representing Optimus Properties LLC, played a key role in ensuring the successful completion of the deal.
On the Map
$12,000,000
$441/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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93