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604 Venice Way

Peter Lenkov Acquires Inglewood Multifamily Property From Jay De Miranda For $1.64M
SOLDMultiFamily

Peter Lenkov Acquires Inglewood Multifamily Property From Jay De Miranda For $1.64M

604 Venice Way

$1,640,000

$265/SF

Building Size

6,184 SF

Asset Type

MultiFamily

Closing

Aug 28, 2025

AI

The property involved in this transaction is a multifamily asset located at 604 Venice Way in Inglewood. The sale price of the property was $1,640,000, encompassing 6 units within a total square footage of 6,184. The price per unit was $273,333, while the price per square foot was $265.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,640,000
  • Units: 6
  • Square Footage: 6,184
  • Price Per Unit: $273,333
  • Price Per Square Foot: $265
  • Buyer: Peter Lenkov
  • Seller: Jay De Miranda
  • Broker Representatives: Chase Simonton & John Sarna - Re/Max

The key individuals in this transaction include the buyer, Peter Lenkov, and the seller, Jay De Miranda. The transaction was represented by Chase Simonton and John Sarna from Re/Max, serving as the broker representatives in the sale.

Players

Chase Simonton

Re/Max

Broker

$142.5M

vol

45 deals

Broker
Re/Max
Re/MaxBrokerage

Inglewood 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

9.67%

Cash-on-Cash

-2.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93