Updated Dec 4, 2024
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
About this deal
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.
On the Map
$3,500,000
$482/SF
Single Family
View full map
Players
Santa Monica Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Deal FAQ
About $482 per square foot on a published $3.5M for 7,248 square feet (2023).
Visit Alexander (Alex) Ghatan to view all their deals.
Browse Santa Monica single family sales on Traded.
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