Updated Dec 4, 2024
Joshua Warsaw Purchases Multifamily Property At 1159-1171 East Meta Street For $4M With Brokers Daniel Withers & Robert Schenk
1159 Meta Street & 1171 Meta Street
$4,000,000
$253/SF
Building Size
7,876 SF
Asset Type
MultiFamily
Closing
Apr 27, 2024
About this deal
AI
The property asset involved in this transaction is a MultiFamily building located at 1159-1171 East Meta Street in the Ventura market. It consists of 16 units with a sale price of $4,000,000 and an asking price of $3,950,000. The total square footage of the property is 7,876, making the price per unit $250,000 and the price per square foot $508.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $4,000,000
- Address: 1159-1171 East Meta Street
- Market: Ventura
- Units: 16
- Asking Price: $3,950,000
- Price per Unit: $250,000
- Square Footage: 7,876
- Price per Square Foot: $508
- Buyer: Joshua Warsaw
- Seller: Dennis Rowse
- Broker Representatives: Daniel Withers & Robert Schenk - Matthews Real Estate Investment Services
The deal was facilitated by brokers Daniel Withers and Robert Schenk from Matthews Real Estate Investment Services, representing the seller Dennis Rowse and the buyer Joshua Warsaw in this transaction.
On the Map
$4,000,000
$253/SF
MultiFamily
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Players
Ventura 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93