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11 19th Avenue

Greg Gahm Purchases Venice Multifamily From Glenn Hickerson For $4.225M With Brokers Jake Glaser & Spencer Chan
SOLDMultiFamily

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

Jake Glaser

Lyon Stahl Investment Real Estate

Broker

$158.2M

vol

68 deals

Broker
Lyon Stahl Investment Real Estate
Lyon Stahl Investment Real EstateBrokerage

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