Updated Dec 21, 2023
Vikram And Sangini Sood Acquire Multifamily Property On Venice Blvd In Los Angeles
5623 Venice Boulevard, Los Angeles, California 90019, United States
$2,647,500
$566/SF
Building Size
4,676 SF
Asset Type
MultiFamily
Closing
Jun 22, 2022
About this deal
AI
A multifamily property located at 5623 Venice Blvd. in Los Angeles has been sold for a total price of $2,647,500. The property spans across 4,676 square feet and has a price per square foot of $566.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,647,500
- Address: 5623 Venice Blvd.
- Market: Los Angeles
The buyer of the property is Vikram Sood and Sangini Sood, while the seller is David Regalado. The transaction was facilitated by brokers Zac Freehling and Tyler Farrar from Pacific Partners Los Angeles.
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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93