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Universe Holdings Acquires Multifamily Property In Ventura For $14.55M

Property Image
SOLD
$14,550,000

California

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MultiFamily
Sold 05/12/2022
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Property Image
SOLD

Universe Holdings Acquires Multifamily Property In Ventura For $14.55M

6073 Woodland Street, Ventura, California 93003, United States

See Similar Deals
MultiFamily
Sold 05/12/2022
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 6073 Woodland St. in Ventura has been sold for a price of $14,550,000. The property consists of 40 units, with each unit valued at $363,750.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $14,550,000
  • Units: 40
  • Price per Unit: $363,750

The buyer for this transaction was Universe Holdings, with Henry Manoucheri representing them. Henry Manoucheri is a representative from Universe Holdings' agency.

Players

8 deals$174.9M volume
BUYER

Details

SOLD
IMAGE: Henry Manoucheri DATE: 05/12/2022 ADDRESS: 6073 Woodland St. MARKET: Ventura ASSET TYPE: Multifamily BUYER: Universe Holdings - Henry Manoucheri SALE PRICE: $14,550,000 UNITS: 40 ~ PPU: $363,750

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$775,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$51,693.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,974.42
Annual Debt Service$827,693.08