Updated Dec 19, 2023
Gary Goren Acquires Multifamily Property On Penmar Ave In Venice For $1.55M
2236 Penmar Avenue, Venice, California 90291, United States
$1,550,000
$838/SF
Building Size
1,848 SF
Asset Type
MultiFamily
Closing
Mar 22, 2022
About this deal
AI
The multifamily property located at 2236 Penmar Ave. in Venice was sold on 03/23/2022. The deal was facilitated by brokers Zac Freehling and Mick Jordan from Pacific Partners Los Angeles. The property spans 1,848 square feet and was sold at a price of $1,550,000, resulting in a price per square foot of $838.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Address: 2236 Penmar Ave.
- Market: Venice
The buyer of the property was Gary Goren, while the seller was Ira Sandron. Zac Freehling and Mick Jordan, representing Pacific Partners Los Angeles, played key roles as brokers in the transaction.
On the Map
$1,550,000
$838/SF
MultiFamily
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Los Angeles 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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93