Austin Sreden & Brandon Michaels Sell Santa Monica Property For $3.9M
1630 Santa Monica Blvd, Santa Monica, CA, USA
$3,900,000
$519/SF
Building Size
7,513 SF
Asset Type
Retail
Closing
May 13, 2019
AI
The property located at 1630 Santa Monica Blvd in Santa Monica has been sold for a price of $3,900,000. The transaction took place on 05/14/2019. The property spans an area of 7,513 square feet, resulting in a price per square foot of $519.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $3,900,000
- Square Footage: 7,513
- Price per Square Foot: $519
- Date: 05/14/2019
- Address: 1630 Santa Monica Blvd
- Market: Santa Monica
The sale was facilitated by Austin Sreden & Brandon Michaels, representing the buyer and seller respectively.
Players
Santa Monica Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93