Updated Dec 21, 2023
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
About this deal
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.
On the Map
$2,170,000
$1,223/SF
Single Family Residence
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Players
Santa Monica Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.2K per square foot on a published $2.2M for 1,773 square feet (2021).
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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