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
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