Rob Renshaw Represents Buyer In $3.2M Venice Multifamily Sale
SOLD
$3,245,000
California
See Similar DealsMultiFamily6,332 SF
Sold 07/20/2021
SOLD
Rob Renshaw Represents Buyer In $3.2M Venice Multifamily Sale
426 S Venice Blvd, Venice, CA, USA
See Similar DealsMultiFamily6,332 SF
Sold 07/20/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$512
Total Square Footage:6,332 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,066.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,528.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,382.96
Annual Debt Service$184,595.47
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