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176-182 W Ramona St, Ventur...

Zac Freehling Acquires Multifamily Property In Ventura For $2.78M
SOLDMultiFamily

Zac Freehling Acquires Multifamily Property In Ventura For $2.78M

176-182 W Ramona St, Ventura, CA, USA

$2,780,700

$243/SF

Building Size

11,444 SF

Asset Type

MultiFamily

Closing

May 28, 2020

AI

The multifamily property located at 176-182 W. Ramona St. in Ventura was recently sold for a total price of $2,780,700. The transaction took place on 05/28/2021. The property consists of 12 units, with each unit having a price per unit (PPU) of $232,000. The total square footage of the property is 11,444, resulting in a price per square foot (PPSF) of $243.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,780,700
  • Units: 12
  • Price per Unit: $232,000
  • Square Footage: 11,444
  • Price per Square Foot: $243
  • Market: Ventura

Zac Freehling purchased the property from William C. Roser and Krista McCafferty. The buyer was represented by Herschel Weintraub from Marcus & Millichap. Tyler Bradford from Convoy Capital acted as the mortgage broker in the transaction.

Players

Herschel Weintraub

Marcus & Millichap

Broker

$7.8M

vol

4 deals

Broker
Zac Freehling

Zac Freehling

Buyer

$237.5M

vol

61 deals

Buyer

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

5.70%

Cash-on-Cash

-1.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93