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621 Mildred Avenue

Updated Sep 9, 2024

Nest Seekers International Represents Buyer In $3.6M Venice Beach Special Purpose Sale
SOLDSpecial Purpose

Nest Seekers International Represents Buyer In $3.6M Venice Beach Special Purpose Sale

621 Mildred Avenue

$3,595,000

$1,299/SF

Building Size

2,766 SF

Asset Type

Special Purpose

Closing

Jun 24, 2022

About this deal

AI

621 Mildred Ave. in Venice Beach has been sold for $3,595,000. This special purpose property spans 2,766 square feet, resulting in a price per square foot of $1,299.

Summary of transaction details:

  • Property Type: Special Purpose
  • Sale Price: $3,595,000
  • Square Footage: 2,766
  • Price Per Square Foot: $1,299
  • Market: Venice Beach

Alyssa Azzara of Nest Seekers International represented the buyer, while William Baker of The Agency Beverly Hills represented the seller, Erik Lindstorm.

The special purpose sale at 621 Mildred Avenue in Fort Wayne, California sold for $3.6M in 2022. The building is 2,766 square feet, implying about 1.3K per square foot on the published price. William James Baker, Alyssa Azzara, Nest Seekers International, The Agency appear on the sale alongside Nest Seekers International, The Agency. This page is the Fort Wayne, California file for the 621 Mildred Avenue special purpose sold: pricing, party profiles, and other closed special purpose comps from the same Fort Wayne sit in the Market section below. Filter that Fort Wayne special purpose set by closing date to see what else sold near 621 Mildred Avenue around 2022. Published consideration for 621 Mildred Avenue is $3.6M, dated 2022. Cite this Nest Seekers International Represents Buyer In $3.6M Venice Beach Special Purpose Sale sale when underwriting similar special purpose product around Fort Wayne, California.

Players

Alyssa Azzara

Nest Seekers International

Broker

$3.6M

vol

1 deal

Broker

Fort Wayne Special Purpose Market Snapshot

Boundary boundary · Special Purpose · Sale transactions

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Deal FAQ

About $1.3K per square foot on a published $3.6M for 2,766 square feet (2022).

Visit William James Baker to view all their deals.

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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