Wylan James Sells Multifamily Property In Venice, CA For $1.85M With Buyer's Rep Asher Ehsani & Seller's Rep Steve Sawaii
SOLD
$1,850,000
California
See Similar DealsMultiFamily1,884 SF
Sold 06/26/2023
SOLD
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
See Similar DealsMultiFamily1,884 SF
Sold 06/26/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$982
Total Square Footage:1,884 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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