Updated Sep 30, 2026
SOLDMultiFamily
Jonah Etessami And Noah Etessami Acquire Venice Multifamily For $1.88M With Buyer's Rep Babak Siminou
23 19th Avenue
$1,880,000
$679/SF
Building Size
2,765 SF
Asset Type
MultiFamily
Closing
Sep 18, 2026
About this deal
AI
The transaction involved a multifamily property located at 23 19th Avenue in Venice, which was sold for a total price of $1,880,000. The asset spans a total square footage of 2,765, resulting in a price per square foot of $679.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,880,000
- Address: 23 19th Avenue
- Market: Venice
- Square Footage: 2,765
- Price Per Square Foot: $679
- Escrow Duration: 17 days
- Buyer: Jonah Etessami & Noah Etessami - Insomnia Capital
- Seller: Robert Snyder
- Buyer's Representative: Babak Siminou - Simco Enterprises
- Seller's Representative: Michael Salerno - Lee & Associates
Key individuals in this transaction include Jonah Etessami and Noah Etessami representing the buyer, Insomnia Capital. The seller, Robert Snyder, was represented by Michael Salerno from Lee & Associates, while the buyer was represented by Babak Siminou of Simco Enterprises.
On the Map
$1,880,000
$679/SF
MultiFamily
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Players
Venice 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
8.44%
Cash-on-Cash
-2.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93