Updated Dec 21, 2023
Howard Jordan Acquires Multifamily Property On 6th Street In Santa Monica For $6.3M
844 6th Street, Santa Monica, CA, USA
$6,300,000
$445/SF
Building Size
14,145 SF
Asset Type
MultiFamily
Closing
Aug 5, 2020
About this deal
AI
An apartment building located at 844 6th Street in Santa Monica has been sold in a recent transaction. The multifamily property, consisting of 12 units, has a total square footage of 14,145. The sale of the property was closed on August 5, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,300,000
- Address: 844 6th Street, Santa Monica
- Market: Santa Monica
- Square Footage: 14,145
- Units: 12
The buyer in this transaction is Howard Jordan, while the seller is Archie Curtis. Kenny Stevens represented the seller as their broker.
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93