Updated Oct 28, 2024
The Goldfinger Group Acquires Multifamily Property In Venice For $2.2M
634 Flower Avenue, Venice, CA 90291, USA
$2,200,000
$447/SF
Building Size
4,918 SF
Asset Type
MultiFamily
Closing
Jul 20, 2020
About this deal
AI
A multifamily property located at 634 Flower Ave in Venice has recently been sold. The property has a lot size of 5,793 square feet. The transaction took place on July 20, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Units: 5
- Price Per Unit: $440,000
- Square Footage: 4,918
- Price Per Square Foot: $447
- Market: Venice
The buyer of the property is The Goldfinger Group represented by Elijah Korobkin and Maxx Feldman. The seller in this transaction is Mary L. McLemore.
The buyer has expressed that this was a value-add deal. The Goldfinger Group currently has another $3 million in exchange funds and is actively looking to secure an upleg. For any further deals, interested parties can reach out to Elijah or Maxx at [email protected].
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93