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James Capital Advisors Brokers Sell Multifamily Property In Ventura For $5.87M, With Reps John Katnik, Mike Hanassab, & Elliot Hassan

Property Image
SOLD
$5,870,000

California

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MultiFamily14,000 SF
Sold 02/01/2022
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Property Image
SOLD

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

See Similar Deals
MultiFamily14,000 SF
Sold 02/01/2022
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$419
Total Square Footage:14,000 SF
Transaction Type:Sale

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

John Katnik
22 deals$121.6M volume(424) 317-9569
BROKER

Michael (Mike) Hanassab
James Capital Advisors
16 deals$93.8M volume
BROKER

Elliot Hassan
NorthMarq
26 deals$259.8M volume
BROKER

Details

SOLD
IMAGE: Mike Hanassab, Elliot Hassan & John Katnik DATE: 02/01/2022 ADDRESS: 732 E. Santa Clara St. MARKET: Ventura ASSET TYPE: Multifamily BROKERS: John Katnik (@JohnKatnik), Mike Hanassab (@MikehaNassab) & Elliot Hassan (@EHassan) - James Capital Advisors (@JamesCapitalAdvisors) SALE PRICE: $5,870,000 UNITS: 36 ~ PPU: $163,055 SF: 14,000 ~ PPSF: $419

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

$313,066.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,854.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,826.79
Annual Debt Service$333,921.54