Greg Gahm Purchases Venice Multifamily From Glenn Hickerson For $4.225M With Brokers Jake Glaser & Spencer Chan
11 19th Avenue & 20 19th Avenue
$4,225,000
$836/SF
Building Size
5,052 SF
Asset Type
MultiFamily
Closing
Aug 28, 2025
AI
The multifamily asset located at 11 19th Avenue & 20 19th Avenue in Venice has successfully changed ownership. The property consists of 7 units, covering a total square footage of 5,052. The transaction concluded at a sale price of $4,225,000, resulting in a price per unit of $603,571 and a price per square foot of $836.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,225,000
- Units: 7
- Square Footage: 5,052
- Price Per Unit: $603,571
- Price Per Square Foot: $836
- Buyer: Greg Gahm
- Seller: Glenn Hickerson
- Brokers: Jake Glaser & Spencer Chan - Lyon Stahl Investment Real Estate
The transaction was facilitated by brokers Jake Glaser and Spencer Chan, representing the seller, Glenn Hickerson, during the deal. The expertise of Lyon Stahl Investment Real Estate contributed to the successful completion of this sale.
Players
Venice MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.75%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93