Updated Dec 21, 2023
Steve Cohen Acquires Santa Monica SFR For $4.6M With Buyer's Rep Paul Alanis & Seller's Rep Jonathan Massaband & Patrick Michael
1165 Centinela Avenue, Santa Monica, California 90403, United States
$4,600,000
$938/SF
Building Size
4,900 SF
Asset Type
Single Family Residence
Closing
Mar 14, 2022
About this deal
AI
The property involved in this closed transaction is a single-family residence located at 1165 Centinela Ave. in Santa Monica. The property spans 4,900 square feet and was sold for a total of $4,600,000, resulting in a price per square foot of $938.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $4,600,000
- Date: 03/15/2022
- Market: Santa Monica
- Buyer: Steve Cohen
- Seller: Bob Cach
- Buyer's Representative: Paul Alanis - KOAR International
- Seller's Representatives: Jonathan Massaband - Onyx Realty BH (OnyxRealtyBH) & Patrick Michael - LA Estate Brokerage
The buyer's representative for this deal was Paul Alanis from KOAR International, while the seller was represented by Jonathan Massaband from Onyx Realty BH and Patrick Michael from LA Estate Brokerage.
Players
Santa Monica Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $938 per square foot on a published $4.6M for 4,900 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93