Updated Sep 9, 2024
John Hayrapetian Acquires 12-Unit Multifamily In Ventura For $5.93M
1313 Buena Vista St Ventura, CA 93001, USA
$5,930,000
$574/SF
Building Size
10,317 SF
Asset Type
MultiFamily
Closing
Jun 21, 2023
About this deal
AI
The multifamily property located at 1313 Buena Vista Street in Ventura has been sold. The property consists of 12 units, with a total square footage of 10,317. The sale price for this transaction was $5,930,000, resulting in a per unit price of $494,167. The price per square foot was calculated to be $575.
Summary of transation details
- Property Type: MultiFamily
- Transaction Amount: $5,930,000
- Units: 12
- Price per Unit: $494,167
- Square Footage: 10,317
- Price per Square Foot: $575
The buyer involved in this transaction is John Hayrapetian, while the sellers are Katherine & Jennifer Clark. The broker representing the parties in the deal is Greg Alexanian from Alexanian Apartment Advisors.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.68%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93