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732 East Santa Clara Street...

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

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

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

John Katnik

BRC Advisors

Broker

$121.6M

vol

22 deals

Broker

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