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353 12th Street

Compass Represents Buyer In $4.01M Santa Monica SFR Sale
SOLDSingle Family Residence

Compass Represents Buyer In $4.01M Santa Monica SFR Sale

353 12th Street

$4,010,000

$1,211/SF

Building Size

3,310 SF

Asset Type

Single Family Residence

Closing

Sep 26, 2023

AI

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.

Players

Bryce Pennel

Compass

Broker

$68.3M

vol

8 deals

Broker

Market Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.96%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93