Updated Oct 29, 2024
The Goldfinger Group Acquires Multi Family Property In Santa Monica For $1.5M
724 Ashland Avenue, Santa Monica, CA 90405, USA
$1,500,000
$384/SF
Building Size
3,898 SF
Asset Type
MultiFamily
Closing
Nov 27, 2018
About this deal
AI
The multi-family property located at 724 Ashland Ave in Santa Monica has been sold for $1,500,000. The property consists of multiple units and is situated in a desirable market.
Summary of transaction details:
- Property Type: Multi Family
- Transaction Amount: $1,500,000
- Price Per Unit (PPU): $375,000
- Price Per Square Foot (PPSF): $385
- Gross Rent Multiplier (GRM): 17.44
- Capitalization Rate (CAP): 3%
The seller of the property was the Hall Family Trust, and the buyer was the Goldfinger Group. Coldwell Banker Residential Brokerage, represented by Kate Bransfield, facilitated the transaction. Chris Shahinian from Central Realty Advisors served as the buyer's agent.
On the Map
$1,500,000
$384/SF
MultiFamily
View full map
Players
Santa Monica MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Chris Shahinian to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93