Joshua Warsaw Purchases Multifamily Property At 1159-1171 East Meta Street For $4M With Brokers Daniel Withers & Robert Schenk
SOLD
$4,000,000
California
See Similar DealsMultiFamily15,752 SF
Sold 04/27/2024
SOLD
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
See Similar DealsMultiFamily15,752 SF
Sold 04/27/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$253
Total Square Footage:15,752 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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