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Steve Cohen Acquires Santa Monica SFR For $4.6M With Buyer's Rep Paul Alanis & Seller's Rep Jonathan Massaband & Patrick Michael

Property Image
SOLD
$4,600,000

California

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Single Family Residence4,900 SF
Sold 03/15/2022
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Property Image
SOLD

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

See Similar Deals
Single Family Residence4,900 SF
Sold 03/15/2022
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Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$938
Total Square Footage:4,900 SF
Transaction Type:Sale

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

2 deals$12.2M volume
BROKER

Patrick Michael
2 deals$12.2M volume
BROKER

Paul Alanis
1 deal$4.6M volume
BROKER

Details

SOLD
IMAGE: Jonathan Massaband & Patrick Michael DATE: 03/15/2022 ADDRESS: 1165 Centinela Ave. MARKET: Santa Monica ASSET TYPE: SFR BUYER: Steve Cohen SELLER: Bob Cach BUYER’S REP: Paul Alanis - KOAR International SELLER’S REP: Jonathan Massaband (@JMassEstates) - Onyx Realty BH (OnyxRealtyBH) & Patrick Michael (@PWMichael) - LA Estate Brokerage (@LAEstateBrokerage) SALE PRICE: $4,600,000 SF: 4,900 ~ PPSF: $938

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$245,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16