Updated Sep 9, 2024
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
Fort Wayne Special Purpose Market Snapshot
Boundary boundary · Special Purpose · 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