Shane Moses Of Moses Commercial Acquires Venice Multifamily Property For $2.35M As Buyer's Rep
540 Indiana Avenue
$2,350,000
$804/SF
Building Size
2,922 SF
Asset Type
MultiFamily
Closing
May 17, 2024
AI
Located at 540 Indiana Avenue in Venice, this multi-family property has been successfully sold for $2,350,000. Boasting a total square footage of 2,922, the property fetched a price per square foot of $804. Representing the buyer in this transaction was Shane Moses of Moses Commercial, while Takara Adair and William Vides of Boulevard Estate Properties acted as the seller's representatives. Situated in the heart of Oakwood, this 4-plex offers immense potential for value appreciation through renovations, making it a prime investment opportunity in Venice's vibrant neighborhood.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,350,000
- Address: 540 Indiana Avenue
- Market: Venice
- Buyer's Representative: Shane Moses - Moses Commercial
- Seller's Representatives: Takara Adair & William Vides - Boulevard Estate Properties
Shane Moses from Moses Commercial played a pivotal role as the buyer's representative in the sale of this multifamily property, demonstrating expertise in facilitating successful real estate transactions. On the seller's side, Takara Adair and William Vides, representing Boulevard Estate Properties, effectively managed the sale process, ensuring a smooth and mutually beneficial deal for all parties involved. The collaboration between these experienced professionals highlights the significance of knowledgeable and skilled real estate representatives in closing successful property transactions.
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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93