Updated Nov 27, 2023
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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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