Steve & Jessica Sarowitz Acquire Santa Monica SFR From Estate Of Patricia Taylor For $9.1M
Santa Monica, CA, USA
$9,100,000
$1,060/SF
Building Size
8,578 SF
Asset Type
Single Family Residence
Closing
Jul 28, 2021
AI
Located in Santa Monica, this single-family residence was recently sold. The property, which encompasses approximately 8,578 square feet, was purchased for a total of $9,100,000. The transaction took place on July 28, 2021. The sale price per square foot equates to $1,060. The buyer of this property is Steve and Jessica Sarowitz.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $9,100,000
- Market: Santa Monica
- Size: 8,578 square feet
Representing the estate of Patricia Taylor, the sellers enlisted the services of the Altman Brothers Team from Douglas Elliman and Alphonso Lascano and Bjorn Farrugia from Hilton & Hyland as their brokers. The Altman Brothers Team, consisting of Josh Altman and Matt Altman, facilitated the transaction on behalf of the sellers. Their expertise and knowledge of the Santa Monica market were crucial in bringing this deal to fruition.
Players
Santa Monica 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
1.74%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93