Updated Dec 21, 2023
Jahangir Ayramlooli Acquires Multifamily Property In Venice For $3.62M
18 Sunset Ave, Venice, CA, USA
$3,620,000
$793/SF
Building Size
4,560 SF
Asset Type
MultiFamily
Closing
Oct 17, 2019
About this deal
AI
The multifamily property located at 18 Sunset Ave in Venice has been sold. The transaction took place on October 18, 2019. The property was represented by Zachary Grant, Daniel Eshaghian, and Mikhail Siretskiy. The buyer, Jahangir Ayramlooli, purchased the property from the seller, Gordon Whepley, for a total price of $3,620,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,620,000
- Square Footage: 4,560
- Market: Venice
This sale includes a total of 6 units within the multifamily property. The price per square foot was calculated to be $793.86, with a unit price of $603,333.
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Los Angeles 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
4.38%
Cash-on-Cash
-1.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93