Anna Farzindar Purchases Santa Monica Multifamily For $1.749M From Kevin Wallace With Brokers Luka Leader & Eli Appel
1943 19th Street
$1,749,000
$580/SF
Building Size
3,011 SF
Asset Type
MultiFamily
Closing
Feb 11, 2026
AI
The property involved in this transaction is a multifamily asset located at 1943 19th Street in Santa Monica. It was sold for $1,749,000, comprising 3 units and featuring a total square footage of 3,011. The price per unit amounts to $583,000, while the price per square foot is $580.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,749,000
- Units: 3
- Price Per Unit: $583,000
- Square Footage: 3,011
- Price Per Square Foot: $580
- Buyer: Anna Farzindar
- Seller: Kevin Wallace
- Brokers: Luka Leader & Eli Appel - Marcus & Millichap
The transaction involved buyer Anna Farzindar acquiring the property from seller Kevin Wallace, facilitated by brokers Luka Leader and Eli Appel from Marcus & Millichap, who represented the parties in this deal.
Players
Santa Monica MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.07%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93