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51 Sunset Avenue

Betty Carlyle Purchases Venice Multifamily Property From Buddy Glenn For $2.22M
SOLDMultiFamily

Betty Carlyle Purchases Venice Multifamily Property From Buddy Glenn For $2.22M

51 Sunset Avenue

$2,220,000

$743/SF

Building Size

2,985 SF

Asset Type

MultiFamily

Closing

May 31, 2026

AI

The property asset is a multifamily unit located at 51 Sunset Avenue in Venice. The sale price for the transaction was $2,220,000, which breaks down to $740,000 per unit, encompassing a total of 3 units. The total square footage of the property is 2,985, leading to a price per square foot of $743.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,220,000
  • Units: 3
  • Price Per Unit: $740,000
  • Square Footage: 2,985
  • Price Per Square Foot: $743
  • Buyer: Betty Carlyle
  • Seller: Buddy Glenn
  • Broker Representative for Buyer: Jake Glaser - Lyon Stahl Investment Real Estate
  • Broker Representative for Seller: Andrew Tripodi - Douglas Elliman

In this transaction, Betty Carlyle acted as the buyer while Buddy Glenn was the seller. The brokers involved were Jake Glaser from Lyon Stahl Investment Real Estate and Andrew Tripodi from Douglas Elliman, representing their respective clients in this multifamily property deal.

Players

Jake Glaser

Lyon Stahl Investment Real Estate

Broker

$158.2M

vol

68 deals

Broker

Venice 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

7.15%

Cash-on-Cash

-2.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93