Updated Dec 4, 2024
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
About this deal
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.
On the Map
$4,010,000
$1,211/SF
Single Family Residence
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Players
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
3.96%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93