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Venice, Los Angeles, CA, USA

Mike D. Acquires Venice SFR For $3.2M With Brokers Susan Allen, Randolph Wright, And Jasmine Comino
SOLDSingle Family Residence

Mike D. Acquires Venice SFR For $3.2M With Brokers Susan Allen, Randolph Wright, And Jasmine Comino

Venice, Los Angeles, CA, USA

$3,200,000

$1,084/SF

Building Size

2,950 SF

Asset Type

Single Family Residence

Closing

May 28, 2020

AI

Located in the market of Venice, a Single Family Residential property was recently sold. The property, with a total square footage of 2,950, was sold at a price of $3,200,000, resulting in a price per square foot of $1,084. The transaction took place on May 28, 2021.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $3,200,000
  • Market: Venice

Mike D. acted as both the buyer and the seller in this transaction, acquiring the SFR asset. Several brokers were involved in the deal, representing the parties involved. Susan Allen from Power Brokers International, Randolph Wright from Bulldog Realtors, and Jasmine Comino from Compass provided their expertise throughout the negotiation process.

Players

Susan Allen

Broker

$7.6M

vol

2 deals

Broker

Venice 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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93