Max Berger & Sabine Pleissner Of Compass Broker Sale Of Venice Multifamily For $2.17M
638 Rose Avenue
$2,175,640
Building Size
—
Asset Type
MultiFamily
Closing
Apr 23, 2024
AI
A 4-unit multifamily building located at 638 Rose Avenue in Venice was recently sold for $2,175,640. The property offers 2-bedroom, 1-bathroom units with upgraded amenities, including washer/dryer units and balconies for upper-level units. There is also potential for future value-add through an additional dwelling unit (ADU) in a separate 4-car garage structure.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,175,640
- Units: 4
- Price per Unit: $543,910
- Address: 638 Rose Avenue
- Market: Venice
Max Berger and Sabine Pleissner of Compass represented the transaction for the sale of the multifamily building at 638 Rose Avenue in Venice. The property features 2-bedroom, 1-bathroom units with various upgraded amenities, offering a comfortable living space for its residents.
Players
Venice MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.29%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93