Cameron Strang Buys Santa Monica Home From Richard & Janet Hunter For $17.5M
835 San Vicente Boulevard
$17,500,000
$1,413/SF
Building Size
12,379 SF
Asset Type
Single Family
Closing
May 24, 2024
AI
The property located at 835 San Vicente Boulevard in Santa Monica was sold for $17.5 million. This single-family home, situated on 0.48 acres, spans 12,379 square feet and was acquired by Cameron Strang from the previous owners, Richard Hunter and Janet Hunter.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $17,500,000
- Market: Santa Monica
- Address: 835 San Vicente Boulevard
- Buyer: Cameron Strang
- Seller: Richard Hunter & Janet Hunter
- Broker: Shelton Wilder - AKG | Christie's International Real Estate
- Square Footage: 12,379
- Price per Square Foot: $1,414
Shelton Wilder of Christie’s AKG played a pivotal role in the transaction, representing both the buyer and the seller. The property, initially listed for $23.5 million, boasts seven bedrooms, 12 bathrooms, and upscale amenities like a retractable ceiling, a pool, a koi pond, a chef’s kitchen, a wine cellar, and a spa. This sale reflects the thriving luxury real estate market in Santa Monica, with Cameron Strang securing the second-largest residential deal in the city for the year.
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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93