Updated Sep 9, 2024
James Capital Advisors Brokers Sell Multifamily Property In Ventura For $5.87M, With Reps John Katnik, Mike Hanassab, & Elliot Hassan
732 East Santa Clara Street, Ventura, California 93001, United States
$5,870,000
$419/SF
Building Size
14,000 SF
Asset Type
MultiFamily
Closing
Jan 31, 2022
About this deal
AI
Located at 732 E. Santa Clara St. in Ventura, this multifamily property has recently been sold in a closed transaction. The property spans 14,000 square feet and is comprised of 36 units. The sale price for this property was $5,870,000, equating to a price per unit of $163,055 and a price per square foot of $419.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,870,000
- Units: 36
- Price Per Unit: $163,055
- Square Footage: 14,000
- Price Per Square Foot: $419
- Market: Ventura
The sale was facilitated by brokers John Katnik, Mike Hanassab, and Elliot Hassan of James Capital Advisors. They represented the parties involved in this transaction, ensuring a successful deal.
Players
Ventura 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
2.70%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93