Kevin Bright Acquires Santa Monica SFR For $3.45M With Mark Kitching - Douglas Elliman & Mallory Bright - Coldwell Banker
SOLD
$3,450,000
California
See Similar DealsSingle Family Residence2,643 SF
Sold 06/07/2021
SOLD
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
See Similar DealsSingle Family Residence2,643 SF
Sold 06/07/2021
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,305
Total Square Footage:2,643 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$184,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,257.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,354.76
Annual Debt Service$196,257.12
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