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Rob Bellamy And Tony Azzi Of Vita Equities Acquire Venice Multifamily For $2.8M

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SOLD
$2,800,000

California

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MultiFamily12,310 SF
Sold 01/24/2025
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SOLD

Rob Bellamy And Tony Azzi Of Vita Equities Acquire Venice Multifamily For $2.8M

36 Rose Avenue & 38 Rose Avenue

See Similar Deals
MultiFamily12,310 SF
Sold 01/24/2025
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$227
Total Square Footage:12,310 SF
Transaction Type:Sale

The transaction involved a multifamily property located at 36 & 38 Rose Avenue in the Venice market. The sale price was $2,800,000, and the asset comprises 10 units. The total square footage of the property is 6,155, translating to a price per unit of $280,000 and a price per square foot of $454.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,800,000
  • Units: 10
  • Square Footage: 6,155
  • Price Per Unit: $280,000
  • Price Per Square Foot: $454
  • Buyer: Rob Bellamy & Tony Azzi - Vita Equities
  • Seller: Bruce Bisenz
  • Broker: Jeff Puffer - Delphi Business Properties Inc

Rob Bellamy and Tony Azzi represented Vita Equities as the buyers in this transaction, whereas Bruce Bisenz was the seller. Jeff Puffer from Delphi Business Properties Inc facilitated the deal, acting as the broker in this transaction.

Players

3 deals$39M volume
BROKER

Details

SOLD
IMAGE: Rob Bellamy, Tony Azzi & Jeff Puffer DATE: 01/24/2025 ADDRESS: 36 & 38 Rose Avenue MARKET: Venice ASSET TYPE: Multifamily BUYER: Rob Bellamy & Tony Azzi - Vita Equities SELLER: Bruce Bisenz BROKER: Jeff Puffer - Delphi Business Properties Inc (@DelphiBusinessProperties) SALE PRICE: $2,800,000 UNITS: 10 ~ PPU: $280,000 SF: 6,155 ~ PPSF: $454

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$9,947.82
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