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1048 10th Street, Santa Mon...

Sanjiv Razdan Acquires SFR In Santa Monica For $2.17M With Andy Hairabedian & Sophia Kelley - The Agency
SOLDSingle Family Residence

Sanjiv Razdan Acquires SFR In Santa Monica For $2.17M With Andy Hairabedian & Sophia Kelley - The Agency

1048 10th Street, Santa Monica, CA, USA

$2,170,000

$1,223/SF

Building Size

1,773 SF

Asset Type

Single Family Residence

Closing

Oct 13, 2021

AI

1048 10th Street in Santa Monica, a single-family residence (SFR), was recently sold for $2,170,000. The property spans 1,773 square feet, resulting in a price per square foot (PPSF) of $1,223. The transaction took place on October 13, 2021.

Summary of transation details

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $2,170,000
  • Address: 1048 10th Street, Santa Monica
  • Square Footage: 1,773
  • Price Per Square Foot (PPSF): $1,223

The buyer of the property was Sanjiv Razdan, while the seller was Brett Hobbs. The sale was facilitated by brokers Andy Hairabedian and Sophia Kelley from The Agency. Additionally, Chris Eskandarian acted as the lender in this transaction.

Players

Andy Hairabedian

The Agency

Broker

$24M

vol

7 deals

Broker

Santa Monica Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.31%

Cash-on-Cash

-2.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93