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12518 Venice Boulevard, Los...

Elijah Korobkin Acquires Single Family Home In Mar Vista For $3.8M
SOLDSingle Family Residence

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

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.

Players

Michael Monempour

Lyon Stahl Investment Real Estate

Broker

$375.9M

vol

85 deals

Broker
Kidder Mathews
Kidder MathewsBrokerage

Los Angeles Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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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