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Venice, California, United ...

Updated Nov 27, 2023

André 3000 purchases Venice home for $3,600,000
SOLDSingle Family Residence

André 3000 purchases Venice home for $3,600,000

Venice, California, United States

$3,600,000

$1,489/SF

Building Size

2,417 SF

Asset Type

Single Family Residence

Closing

Feb 10, 2022

About this deal

AI

The recently closed sale in Venice involved a single-family residential (SFR) property with limited information available about its interior. The property, spanning 2,417 square feet, boasts four bedrooms and four bathrooms. The sale price for this asset amounted to $3,600,000, resulting in a price per square foot of $1,489. Additionally, there is another building located at the rear of the property, spanning 5,280 square feet. This secondary structure features living quarters on its upper level and a two-car garage on the ground floor. Hidden from public view, access to this building is discreetly provided through an unobtrusive alleyway, and its entrance is secured by black metal gates.

Summary of transaction details:

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $3,600,000
  • Market: Venice
  • Square Footage: 2,417
  • Price per Square Foot: $1,489

André 3000 served as the buyer in this transaction, acquiring the property in Venice. No further information regarding the involvement of other individuals or companies was mentioned about the deal.

Players

Los Angeles Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $1.5K per square foot on a published $3.6M for 2,417 square feet (2022).

Browse Los Angeles single family residence sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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