Updated Feb 20, 2025
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
About this deal
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.
On the Map
$3,000,000
$874/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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93