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
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