David Offer Of Berkshire Hathaway HomeServices Represents Buyer In Santa Monica Sale For $19.15M
512 Georgina Avenue & 518 Georgina Avenue
$19,150,000
$606/SF
Building Size
31,576 SF
Asset Type
Single Family
Closing
May 30, 2024
AI
A single-family property located at 512 & 518 Georgina Avenue in Santa Monica has been sold for $19,150,000. This sale represents the priciest home sale in the city for the year and encompasses an area of 0.77 acres with a total square footage of 15,788. The price per square foot for the property stands at $1,213.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $19,150,000
- Address: 512 & 518 Georgina Avenue
- Market: Santa Monica
- Acres: 0.77
- Seller: Bennet Van de Bunt & Laura Livingston Fox
- Buyer's Representative: David Offer - Berkshire Hathaway HomeServices California Properties
- Seller's Representative: Kurt Rappaport - Westside Estate Agency
- Lender: J.P. Morgan
- Loan Amount: $9,500,000
- Square Footage: 15,788
- Price per Square Foot: $1,213
The transaction was facilitated by David Offer, representing the buyer, and Kurt Rappaport, who represented the sellers. The buyer financed the acquisition through a loan issued by J.P. Morgan and processed the purchase as Bridgeview Investors LLC.
Players
Santa Monica Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93