Updated Sep 5, 2024
Marcus & Millichap Sells 6-Unit Multifamily Property In Santa Monica For $4.4M
852 17th Street
$4,389,500
$555/SF
Building Size
7,908 SF
Asset Type
MultiFamily
Closing
Apr 10, 2023
About this deal
AI
The multifamily property located at 852 17th Street in Santa Monica has been sold. The transaction was facilitated by Tony Azzi and Rabbie Banafsheha from Marcus & Millichap. The property consists of 6 units with a total square footage of 7,908. The sale price for the property was $4,389,500, resulting in a price per unit of $731,583 and a price per square foot of $555.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,389,500
- Units: 6
- Price per Unit: $731,583
- Square Footage: 7,908
- Price per Square Foot: $555
- Address: 852 17th Street, Santa Monica
- Market: Santa Monica
Throughout the transaction, Tony Azzi and Rabbie Banafsheha represented the parties involved in the deal. Their expertise from Marcus & Millichap contributed to the successful closing of this multifamily property sale in Santa Monica.
Players
Market 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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93