Nicole Bordeaux Acquires Mixed-Use Property On Rose Ave. In Venice For $4.2M
SOLD
California
See Similar DealsMixed-use3,243 SF
Sold 11/10/2021
SOLD
Nicole Bordeaux Acquires Mixed-Use Property On Rose Ave. In Venice For $4.2M
665 Rose Ave, Venice, CA, USA
See Similar DealsMixed-use3,243 SF
Sold 11/10/2021
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$1,293
Total Square Footage:3,243 SF
Transaction Type:Sale
The mixed-use property located at 665 Rose Ave in Venice has been sold for a price of $4,195,000. The property spans 3,243 square feet, resulting in a price per square foot of $1,293. The sale was completed on 11/10/2021.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $4,195,000
- Address: 665 Rose Ave
- Market: Venice
Nicole Bordeaux of Factor Investments LLC acquired the property, while John Reed and Marisa Reed of R&D Rose LLC acted as the sellers. The transaction was facilitated by Austin Brasch and Regina Vannicola of Compass.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,903.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,886.44
Annual Debt Service$238,637.28
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