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2008 Strongs Drive

John Swartz & Jacqueline Carroll Of True North CRE Compass Sell Venice Multifamily For $3.2M
SOLDMultiFamily

John Swartz & Jacqueline Carroll Of True North CRE Compass Sell Venice Multifamily For $3.2M

2008 Strongs Drive

$3,200,000

$798/SF

Building Size

4,008 SF

Asset Type

MultiFamily

Closing

Jul 24, 2026

AI

The property asset involved in this transaction is a multifamily building located at 2008 Strongs Drive in Venice. The sale price was $3,200,000 for a total of 4,008 square feet, resulting in a price per square foot of $798. The property consists of 7 units, which translates to a price per unit of $457,143.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,200,000
  • Square Footage: 4,008
  • Price per Square Foot: $798
  • Units: 7
  • Price per Unit: $457,143

John Swartz and Jacqueline Carroll from True North CRE - Compass represented the seller in this transaction, highlighting their involvement in facilitating the sale of the property without mentioning further details from the initial asset description.

Players

John Swartz

Compass

Broker

$137.6M

vol

19 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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93