The Angela McPhee Living Trust Acquires Multifamily Property From Oak Street LA LLC For $3M
SOLD
$3,000,000
California
See Similar DealsMultiFamily3,430 SF
Sold 04/01/2022
SOLD
The Angela McPhee Living Trust Acquires Multifamily Property From Oak Street LA LLC For $3M
618 Pacific
See Similar DealsMultiFamily3,430 SF
Sold 04/01/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$874
Total Square Footage:3,430 SF
Lot Square Footage:5634 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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