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668 Westminster Avenue

Updated Dec 4, 2024

Agnes Fontaine & Teresa Fuller Purchase MultiFamily Property In Venice For $2.3M
SOLDMultiFamily

Agnes Fontaine & Teresa Fuller Purchase MultiFamily Property In Venice For $2.3M

668 Westminster Avenue

$2,300,000

$1,018/SF

Building Size

2,258 SF

Asset Type

MultiFamily

Closing

Jun 10, 2024

About this deal

AI

A 2-unit multifamily property located at 668 Westminster Avenue in Venice was sold for $2,300,000. The property features a ground-floor owner's unit with a spacious Primary Suite addition and a charming garden, situated near Abbot Kinney and Venice Beach, providing an attractive investment opportunity in a prime Venice location.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,300,000
  • Units: 2
  • Price Per Unit: $1,150,000
  • Square Footage: 2,258
  • Price Per Square Foot: $1,019
  • Address: 668 Westminster Avenue
  • Market: Venice

Agnes Fontaine and Teresa Fuller of Compass represented the buyer in this transaction, while Don Glunts of D.G. Realty acted as the seller's representative.

Players

Don Glunts

D.G. Realty

Broker

$2.3M

vol

1 deal

Broker

Venice MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1K per square foot on a published $2.3M for 2,258 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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