Updated Dec 4, 2024
Compass & Westside Property Management Broker Venice Duplex Sale For $2.17M
1341 Vienna Way
$2,169,375
$960/SF
Building Size
2,259 SF
Asset Type
MultiFamily
Closing
Mar 19, 2024
About this deal
AI
Located at 1341 Vienna Way in Venice, this multifamily property was recently sold for $2,169,375. The asset encompasses a duplex with a main house and a rented rear unit, all sitting on a .25-acre lot in a prime Venice location near beaches and amenities. With a square footage of 2,259 and a price per square foot of $960, this property offers a lucrative investment opportunity.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,169,375
- Address: 1341 Vienna Way
- Market: Venice
- Asset Type: Multifamily
- Acres: 0.25
Heather Rogers and Heather Shawver from Compass represented the buyer in this transaction, while the seller was represented by Joshua Barre from Westside Property ManagementInc. This successful deal highlights the expertise of these real estate professionals in facilitating a significant property transaction in the vibrant Venice market.
Players
Venice 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
7.31%
Cash-on-Cash
-2.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93