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
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