Updated Jul 29, 2026
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
About this deal
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.
On the Map
$3,200,000
$798/SF
MultiFamily
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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