Mehran Nia Acquires 6-Unit Townhouse In Santa Monica For $3.5M
SOLD
$3,500,000
California
See Similar DealsSingle Family7,248 SF
Sold 09/25/2023
SOLD
Mehran Nia Acquires 6-Unit Townhouse In Santa Monica For $3.5M
1227 10th Street
See Similar DealsSingle Family7,248 SF
Sold 09/25/2023
Summary
CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$482
Total Square Footage:7,248 SF
Transaction Type:Sale
A townhouse located at 1227 10th Street in Santa Monica has been sold in a recent transaction. The property consists of 6 units and spans across 7,248 square feet. The sale price for this townhouse was $3,500,000, resulting in a price per unit of $583,333 and a price per square foot of $483.
Summary of transation details
- Property Type: Townhouse
- Transaction Amount: $3,500,000
- Units: 6
- Price per Unit: $583,333
- Square Footage: 7,248
- Price per Square Foot: $483
- Address: 1227 10th Street, Santa Monica
- Market: Santa Monica
The buyer of this townhouse was Mehran Nia, while the seller was Cindy Winthrop. Representing the buyer in this transaction was Alexander Ghatan from Skyline Property Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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