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Voyage Real Estate Acquires Santa Monica SFR For $4.4M

Property Image
SOLD
$4,395,000
Michelle Barrett
Ari Afshar

California

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Single Family Residence2,273 SF
Sold 01/11/2022
the dealplayerscompscontact
Property Image
SOLD

Voyage Real Estate Acquires Santa Monica SFR For $4.4M

610 21st Place, Santa Monica, CA 90402

See Similar Deals
Single Family Residence2,273 SF
Sold 01/11/2022
Michelle Barrett
Ari Afshar
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,933
Total Square Footage:2,273 SF
Transaction Type:Sale

A single-family home located at 610 21st Place in Santa Monica has been sold for a price of $4,395,000. The property spans over an area of 2,273 square feet, resulting in a price per square foot of $1,933.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $4,395,000
  • Market: Santa Monica
  • Address: 610 21st Place

The buyer's representative in this sale was Michelle Barrett from Voyage Real Estate, who worked alongside Ari Afshar from Compass. Both agents played a crucial role in facilitating the transaction.

For more information about the services offered by Voyage Real Estate, you can visit voyagerealestate.com.

Players

Ari Afshar
Compass
Ari Afshar
17 deals$113.8M volume
BROKER
Michelle Barrett
Compass
Michelle Barrett
3 deals$21.6M volume
BROKER

Details

SOLD
IMAGE: Michelle Barrett & Ari Afshar DATE: 01/11/2022 ADDRESS: 610 21st Place MARKET: Santa Monica ASSET TYPE: SFR BUYER'S REP: Michelle Barrett (@BarrettEstates) - Ari Afshar (@AriAfsharRE) - Voyage Real Estate (@VoyageRealEstate) - Compass (@Compass) SALE PRICE: $4,395,000 SF: 2,273 ~ PPSF: $1,933 NOTE FROM @VoyageRealEstate: VOYAGE Real Estate. Compass voyagerealestate.com

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$234,400.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,614.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,834.54
Annual Debt Service$250,014.51