Updated Dec 4, 2024
Elijah Korobkin Acquires Single Family Home In Mar Vista For $3.8M
12518 Venice Boulevard, Los Angeles, CA 90066, USA
$3,832,000
$397/SF
Building Size
9,652 SF
Asset Type
Single Family Residence
Closing
Nov 21, 2018
About this deal
AI
A single family property located at 12518 Venice Blvd in Mar Vista has been sold. The transaction took place on 11/22/2018. The property was purchased for a total price of $3,832,000, at a price per unit (PPU) of $348,363. The price per square foot (PPSF) was $397. The Gross Rent Multiplier (GRM) for the property was 16.37, and the Capitalization Rate (CAP) was 4%.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $3,832,000
- Price per Unit (PPU): $348,363
- Price per Square Foot (PPSF): $397
- Gross Rent Multiplier (GRM): 16.37
- Capitalization Rate (CAP): 4%
The seller of the property was 12518 Venice Blvd LLC, while the buyer was Elijah Korobkin from The Goldfinger Group. The brokers involved in the deal were Michael Monempour from Kidder Mathews and Ramin Gheitanchi from Keller Williams Realty.
On the Map
$3,832,000
$397/SF
Single Family Residence
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Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $397 per square foot on a published $3.8M for 9,652 square feet (2018).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.14%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93