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Dennis Pozelli Acquires Multifamily Property From Kay Kim In Santa Monica For $3.25M

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SOLD
$3,250,000

California

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MultiFamily7,200 SF
Sold 11/05/2025
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SOLD

Dennis Pozelli Acquires Multifamily Property From Kay Kim In Santa Monica For $3.25M

1837 18th Street

See Similar Deals
MultiFamily7,200 SF
Sold 11/05/2025
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$451
Total Square Footage:7,200 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 1837 18th Street in Santa Monica and is categorized as multifamily. The sale was finalized for $3,250,000, encompassing 7 units. The total square footage of the asset is 7,200, which translates to a price per unit of $464,285 and a price per square foot of $451.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,250,000
  • Units: 7
  • Price Per Unit: $464,285
  • Square Footage: 7,200
  • Price Per Square Foot: $451
  • Buyer: Dennis Pozelli
  • Seller: Kay Kim
  • Buyer's Representative: Jake Glaser & Spencer Chan - Lyon Stahl Investment Real Estate
  • Seller's Representative: John Katnik - BRC Advisors

This deal was facilitated by Jake Glaser and Spencer Chan representing the buyer, while John Katnik served as the seller's representative. The transaction underscores the involvement of these key individuals and firms in the real estate market in Santa Monica.

Players

John Katnik
22 deals$121.6M volume(424) 317-9569
BROKER

Jake Glaser
Lyon Stahl Investment Real Estate
67 deals$156M volume(347) 461-6043
BROKER

Spencer Chan
Lyon Stahl Investment Real Estate
15 deals$33.4M volume(310) 259-2181
BROKER

Details

SOLD
IMAGE: Jake Glaser, Spencer Chan & John Katnik DATE: 11/5/2025 ADDRESS: 1837 18th Street MARKET: Santa Monica ASSET TYPE: Multifamily BUYER: Dennis Pozelli SELLER: Kay Kim BUYER'S REP: Jake Glaser (@TheGlaserGroup) & Spencer Chan (@SpencaChan) - Lyon Stahl Investment Real Estate (@LyonStahl) SELLER'S REP: John Katnik (@JohnKatnik) - BRC Advisors SALE PRICE: $3,250,000 UNITS: 7 ~ PPU: $464,285 SF: 7,200 ~ PPSF: $451 NOTE FROM BUYER'S REP: Read the full deal story @theglasergroup

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$173,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90