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Venice, L A, CA, USA

Bryan Johnson's OS Fund Acquires SFR In Venice For $5.7M
SOLDSingle Family Residence

Bryan Johnson's OS Fund Acquires SFR In Venice For $5.7M

Venice, L A, CA, USA

$5,700,000

$1,117/SF

Building Size

5,099 SF

Asset Type

Single Family Residence

Closing

Jul 7, 2020

AI

Bryan Johnson, the buyer representing OS Fund, has closed on the purchase of a single-family residence (SFR) in Venice, according to a post on Instagram. The property, captured in an image provided by Bryan Johnson, was sold by David & Wendy Marcus for a total price of $5,700,000. The SFR spans across approximately 5,099 square feet, resulting in a price per square foot of $1,117.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $5,700,000
  • Market: Venice
  • Buyer: Bryan Johnson - OS Fund
  • Seller: David & Wendy Marcus

The buyer, represented by Bryan Johnson of OS Fund, successfully acquired the SFR property in Venice. The seller, David & Wendy Marcus, accepted the offer resulting in a closed transaction with a sale price of $5,700,000. The SFR, captured in the provided image, measures approximately 5,099 square feet, equating to a price per square foot of $1,117.

Players

David A. Marcus

Seller

$15.8M

vol

2 deals

Seller

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

2.78%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93