Compass Represents Buyer In $4.01M Santa Monica SFR Sale
SOLD
$4,010,000
California
See Similar DealsSingle Family Residence3,310 SF
Sold 09/26/2023
SOLD
Compass Represents Buyer In $4.01M Santa Monica SFR Sale
353 12th Street
See Similar DealsSingle Family Residence3,310 SF
Sold 09/26/2023
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,211
Total Square Footage:3,310 SF
Transaction Type:Sale
The property transaction involves a single-family residence located at 353 12th Street in Santa Monica. The property spans 3,310 square feet and was sold for a price of $4,010,000, resulting in a price per square foot of $1,211.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $4,010,000
- Address: 353 12th Street
- Market: Santa Monica
- Square Footage: 3,310
- Seller: Michelson Satzman Family Trust - Joel Satzman
- Buyer's Representative: Brynn Sutherland & Bryce Pennel - Compass
The sale of this single-family residence was facilitated by Brynn Sutherland and Bryce Pennel from Compass, who represented the buyer in the transaction. This deal marks another successful venture for the sellers, the Michelson Satzman Family Trust, under the guidance of Joel Satzman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,866.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,246.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,009.45
Annual Debt Service$228,113.35
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