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1337 Ashland Avenue, Santa ...

Kevin Bright Acquires Santa Monica SFR For $3.45M With Mark Kitching - Douglas Elliman & Mallory Bright - Coldwell Banker
SOLDSingle Family Residence

Kevin Bright Acquires Santa Monica SFR For $3.45M With Mark Kitching - Douglas Elliman & Mallory Bright - Coldwell Banker

1337 Ashland Avenue, Santa Monica, CA, USA

$3,450,000

$1,305/SF

Building Size

2,643 SF

Asset Type

Single Family Residence

Closing

Jun 6, 2021

AI

The single-family residence located at 1337 Ashland Ave in Santa Monica has been sold in a recent transaction. The property spans 2,643 square feet and was sold for a price of $3,450,000, resulting in an average price per square foot of $1,305.

Summary of transaction details

  • Property Type: Single-Family Residence
  • Transaction Amount: $3,450,000
  • Address: 1337 Ashland Ave, Santa Monica
  • Market: Santa Monica

In this transaction, the buyer of the property was Kevin Bright. The deal was facilitated by two brokers: Mark Kitching from Douglas Elliman and Mallory Bright from Coldwell Banker Residential Brokerage.

Players

Mark Kitching

Douglas Elliman

Broker

$7M

vol

2 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

4.60%

Cash-on-Cash

-1.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93