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1114 Yale Street, Santa Mon...

David Koh Acquires Santa Monica SFR For $3.2M From Seller Festa Family Trust
SOLDSingle Family Residence

David Koh Acquires Santa Monica SFR For $3.2M From Seller Festa Family Trust

1114 Yale Street, Santa Monica, California 90403, United States

$3,200,000

$2,469/SF

Building Size

1,296 SF

Asset Type

Single Family Residence

Closing

Apr 18, 2022

AI

Located at 1114 Yale St. in Santa Monica, this single-family residence (SFR) has recently changed hands in a closed transaction. The property spans 1,296 square feet and features a selling price of $3,200,000, resulting in a price per square foot (PPSF) of $2,469. The transaction took place on April 19, 2022.

Summary of Transaction Details:

  • Property Type: SFR
  • Sale Price: $3,200,000
  • Square Footage: 1,296
  • Price per Square Foot (PPSF): $2,469
  • Market: Santa Monica
  • Buyer: David Koh
  • Seller: Festa Family Trust
  • Broker: Alex Santaniello - Compass

The deal for this property was facilitated by Alex Santaniello from Compass, with representation from Carl Gambino. They played a crucial role in making the transaction possible between the buyer, David Koh, and the seller, Festa Family Trust. The involvement of these individuals and companies ensured the successful completion of the deal.

Players

Carl Gambino

Compass

Broker

$479.8M

vol

38 deals

Broker

David Koh

Buyer

$12M

vol

2 deals

Buyer

Festa Family

Trust

Seller

$9.7M

vol

2 deals

Seller

Santa Monica Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93