Updated Sep 5, 2024
Voltaire Menezes Acquires Parking Lot On Venice Way In Los Angeles For $4.9M
100 Venice Way Venice, CA 90291, USA
$4,940,500
Building Size
—
Asset Type
Other
Closing
Jun 16, 2023
About this deal
AI
A parking lot located at 100 Venice Way in Los Angeles was recently sold. The property, with a land size of 11,603 square feet, was sold for a total of $4,940,500. This translates to a price per square foot of $426.
Summary of transation details
- Property Type: Parking Lot
- Transaction Amount: $4,940,500
- Address: 100 Venice Way
- Market: Los Angeles
- Land Size: 11,603 square feet
- Price Per Square Foot: $426
The buyer of the parking lot was Voltaire Menezes, and the seller was Kevin Maguire. The transaction was facilitated by T.C. Macker from WESTMAC Commercial Brokerage Company.
Players
Los Angeles Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.21%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93