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618 Pacific

The Angela McPhee Living Trust Acquires Multifamily Property From Oak Street LA LLC For $3M
SOLDMultiFamily

The Angela McPhee Living Trust Acquires Multifamily Property From Oak Street LA LLC For $3M

618 Pacific

$3,000,000

$874/SF

Building Size

3,430 SF

Asset Type

MultiFamily

Closing

Apr 1, 2022

AI

The property asset involved in this transaction is a MultiFamily asset located at 618 Pacific in Santa Monica. The transaction was completed for a price of $3,000,000.00, with a total square footage of 3,430.0.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $3,000,000.00
  • Address: 618 Pacific
  • Market: Santa Monica
  • Square Footage: 3,430.0
  • Buyer: THE ANGELA MCPHEE LIVING TRUST
  • Seller: OAK STREET LA LLC
  • Broker: Jordan Rubinstein - Century Park Realty

The deal was facilitated by broker Jordan Rubinstein, representing the interests of the buyer, THE ANGELA MCPHEE LIVING TRUST, in the acquisition from seller OAK STREET LA LLC.

Players

Jordan Rubinstein

Century Park Realty

Broker

$220.1M

vol

27 deals

Broker
TT
THE ANGELA MCPHEE LIVING TRUSTBuyer
OL
OAK STREET LA LLCSeller

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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93