Updated Dec 21, 2023
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
About this deal
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.
On the Map
$3,245,000
$512/SF
MultiFamily
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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