Riven Barton Acquires Multi Family Property In Venice For $2.35M
523 Main St, Venice, CA 90291, USA
$1,600,000
$1,041/SF
Building Size
1,536 SF
Asset Type
MultiFamily
Closing
Sep 7, 2020
AI
A multi-family property located at 523 Main St, Venice, CA 90291, USA has been sold in a closed transaction. The property consists of 5 units with a total square footage of 1,536. The sale took place in the Venice market.
Summary of transaction details:
- Property Type: Multi Family
- Transaction Amount: $2,350,000
- Address: 523 Main St, Venice, CA 90291, USA
- Market: Venice
- Units: 5
- Square Footage: 1,536
The buyer of the property is Riven Barton, while the seller is Adam Surnow. The seller was represented by Richard Ringer and Yana Vlady from the Ringer Group. On the other hand, the buyer was represented by Eric Gignoux.
Players
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93