Updated Dec 21, 2023
Viceroy Realty Facilitates $5M Multifamily Sale On Venice Blvd
10800 Venice Boulevard, Culver City, California 90232, United States
$5,000,000
$702/SF
Building Size
7,114 SF
Asset Type
MultiFamily
Closing
Apr 8, 2021
About this deal
AI
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.
Players
Culver City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93