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1227 10th Street

Mehran Nia Acquires 6-Unit Townhouse In Santa Monica For $3.5M
SOLDSingle Family

Mehran Nia Acquires 6-Unit Townhouse In Santa Monica For $3.5M

1227 10th Street

$3,500,000

$482/SF

Building Size

7,248 SF

Asset Type

Single Family

Closing

Sep 25, 2023

AI

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.

Players

Alexander Ghatan

Broker

$25.7M

vol

4 deals

Broker

Mehran Nia

Buyer

$18.6M

vol

4 deals

Buyer

Santa Monica Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93