Updated Dec 20, 2023
Montana Villa LLC Sells Multifamily Property In Santa Monica For $3.75M
848 19th St, Santa Monica, CA 90403, USA
$3,750,000
$45/SF
Building Size
83,220 SF
Asset Type
MultiFamily
Closing
Aug 30, 2020
About this deal
AI
A multifamily property located at 848 19th Street in Santa Monica was recently sold in a closed transaction. The property consists of 6 units and spans a total of 8,322 square feet. The sale took place on August 31, 2020, with a sale price of $3,750,000. This equates to a price per square foot of $450.61. The property was sold at a cap rate of 3.29% and a gross rent multiplier (GRM) of 18.57. The unit price for the property was $625,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,750,000
- Units: 6
- Square Footage: 8,322
- Price per Square Foot: $450.61
- Cap Rate: 3.29%
- Gross Rent Multiplier (GRM): 18.57
The seller of the property was Montana Villa LLC. The brokers involved in the transaction were Filip Niculete, Glen Scher, and Aida Memary from the LAAATeam.
On the Map
$3,750,000
$45/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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93