College Drive LLC Acquires Multifamily Property In Ventura For $2.06M
SOLD
$2,060,000
California
See Similar DealsMultiFamily5,808 SF
Sold 07/23/2019
SOLD
College Drive LLC Acquires Multifamily Property In Ventura For $2.06M
115 College Drive, Ventura, CA, USA
See Similar DealsMultiFamily5,808 SF
Sold 07/23/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$354
Total Square Footage:5,808 SF
Transaction Type:Sale
A multifamily property located at 115 College Drive in Ventura has been sold. The sale took place on July 23, 2019. The property was purchased by College Drive LLC from the seller Vista Ventura LLC. The deal was facilitated by brokers Herschel Weintraub and Jason Tuvia.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,060,000
- Square Footage: 5,808
- Price per Square Foot: $354.68
- Address: 115 College Drive
- Market: Ventura
Herschel Weintraub and Jason Tuvia represented the buyer, College Drive LLC, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$109,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,318.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,765.45
Annual Debt Service$117,185.41
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