Updated Sep 9, 2024
Wylan James Sells Multifamily Property In Venice, CA For $1.85M With Buyer's Rep Asher Ehsani & Seller's Rep Steve Sawaii
315 6th Ave Venice, CA 90291, USA
$1,850,000
$982/SF
Building Size
1,884 SF
Asset Type
MultiFamily
Closing
Jun 26, 2023
About this deal
AI
Located at 315 6th Avenue in Venice, CA, this multifamily property recently closed in a sale transaction. With a sale price of $1,850,000, the property offers four units, resulting in a price per unit (PPU) of $462,500. The total square footage of the property is 1,884, making the price per square foot (PPSF) $982.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Units: 4
- PPU: $462,500
- SF: 1,884
- PPSF: $982
- Address: 315 6th Avenue, Venice, CA
Asher Ehsani and Donald Paulino represented the buyer in this transaction, while Steve Sawaii, from Compass, represented the seller. It's worth noting that Asher Ehsani and Steve Sawaii played crucial roles as the buyer's and seller's representatives, respectively.
Players
Market 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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93