HJK International Inc. Acquires Multifamily Property In Santa Monica For $2.16M
SOLD
$2,160,000
California
See Similar DealsMultiFamily3,427 SF
Sold 04/06/2021
SOLD
HJK International Inc. Acquires Multifamily Property In Santa Monica For $2.16M
707 Strand St, Santa Monica, CA, USA
See Similar DealsMultiFamily3,427 SF
Sold 04/06/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$630
Total Square Footage:3,427 SF
Transaction Type:Sale
The multifamily property located at 707 Strand St. in Santa Monica has been sold for a total of $2,160,000. The property consists of 5 units with an average price per unit of $630. The total square footage of the property is 3,427, resulting in a price per square foot of $432,000. The transaction took place on April 6, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,160,000
- Address: 707 Strand St.
- Market: Santa Monica
- Units: 5
- Price per Unit: $630
- Total Square Footage: 3,427
- Price per Square Foot: $432,000
The buyer's representative for this transaction was Kimiyasu Murayoshi from HJK International Inc. The seller's representatives were Aida Memary, Filip Niculete, and Glen Scher, who are part of the LAAA Team at Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$115,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,674.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,239.50
Annual Debt Service$122,874.02
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