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2008 Canal Street

Mike Kozev Acquires Multifamily Property On Canal Street Venice For $1,575,000 From Seller Chip McDaniel
SOLDMultiFamily

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:

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

Justin Seigel

ADR Preferred Business Properties

Broker

$31.1M

vol

14 deals

Broker

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

10.07%

Cash-on-Cash

-2.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93