Rob Renshaw Represents Buyer In $3.2M Venice Multifamily Sale
426 S Venice Blvd, Venice, CA, USA
$3,245,000
$512/SF
Building Size
6,332 SF
Asset Type
MultiFamily
Closing
Jul 19, 2021
AI
The multifamily property located at 426 S. Venice Blvd. in Venice has been sold. The property consists of 8 units with a total square footage of 6,332. The asking price for the property was $3,295,000, and it was sold for $3,245,000. The price per unit (PPU) comes out to $405,625, and the price per square foot (PPSF) is $512.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,245,000
- Units: 8
- Square Footage: 6,332
- PPU: $405,625
- PPSF: $512
The buyer's representative for this transaction was Rob Renshaw.
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
4.89%
Cash-on-Cash
-1.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93