Anna Farzindar Purchases Santa Monica Multifamily For $1.749M From Kevin Wallace With Brokers Luka Leader & Eli Appel
SOLD
$1,749,000
California
See Similar DealsMultiFamily3,011 SF
Sold 02/11/2026
SOLD
Anna Farzindar Purchases Santa Monica Multifamily For $1.749M From Kevin Wallace With Brokers Luka Leader & Eli Appel
1943 19th Street
See Similar DealsMultiFamily3,011 SF
Sold 02/11/2026
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$580
Total Square Footage:3,011 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,280.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,213.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,291.15
Annual Debt Service$99,493.83
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