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23 19th Avenue

Updated Sep 30, 2026

Jonah Etessami And Noah Etessami Acquire Venice Multifamily For $1.88M With Buyer's Rep Babak Siminou
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:

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

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$1,880,000

$679/SF

MultiFamily

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Players

Michael Salerno

Lee & Associates

Broker

$23.2M

vol

6 deals

Broker
Jonah Etessami

Jonah Etessami

Insomnia Capital

Buyer

$4.7M

vol

2 deals

Buyer

Robert Snyder

Seller

$1.9M

vol

2 deals

Seller
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Venice MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $679 per square foot on a published $1.9M for 2,765 square feet (2026).

Visit Michael "Mike" Salerno to view all their deals.

Browse Venice multifamily sales on Traded.

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

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