Mike Kozev Acquires Multifamily Property On Canal Street Venice For $1,575,000 From Seller Chip McDaniel
2008 Canal Street
$1,575,000
$741/SF
Building Size
2,124 SF
Asset Type
MultiFamily
Closing
Jul 29, 2026
AI
The property asset involved in this transaction is a multifamily building located at 2008 Canal Street in Venice. The sale price was $1,575,000 for a total of 2 units, resulting in a price per unit of $787,500. The building encompasses a total square footage of 2,124, translating to a price per square foot of $741.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,575,000
- Units: 2
- Price Per Unit: $787,500
- Square Footage: 2,124
- Price Per Square Foot: $741
- Buyer: Mike Kozev
- Seller: Chip McDaniel
- Brokers: Justin Seigel - ADR Preferred Business Properties; Karla Cisneros
This transaction features key individuals, with the buyer being Mike Kozev and the seller being Chip McDaniel. The brokers involved are Justin Seigel from ADR Preferred Business Properties and Karla Cisneros, representing their respective clients in the deal.
Players
Venice MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93