Viceroy Realty Facilitates $5M Multifamily Sale On Venice Blvd
SOLD
$5,000,000
California
See Similar DealsMultiFamily7,114 SF
Sold 04/09/2021
SOLD
Viceroy Realty Facilitates $5M Multifamily Sale On Venice Blvd
10800 Venice Boulevard, Culver City, California 90232, United States
See Similar DealsMultiFamily7,114 SF
Sold 04/09/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$702
Total Square Footage:7,114 SF
Transaction Type:Sale
The multifamily property located at 10800 Venice Blvd. in Mar Vista has been sold in a recent transaction. The property consists of 18 units, with a price per unit of $277,777. The total square footage of the property is 7,114, resulting in a price per square foot of $702. The sale price for the property was $5,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Units: 18 ~ PPU: $277,777
- SF: 7,114 ~ PPSF: $702
The seller of the property was Joseph Hantman. The transaction was facilitated by Mohamed Hassam of Viceroy Realty, who represented the seller in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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