Fred Afari And Michael Librush Acquire Development Site In Marina Del Rey For $5.2M

This development site, located at 13474 Washington Boulevard in Marina del Rey, has a sale price of $5,200,000. The property features a total square footage of 13,316, translating to a price per square foot of $390.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $5,200,000
• Buyer: Fred Afari & Michael Librush
• Seller: Thomas D Fitzpatrick
• Broker: Laura Alice Scaturro - Eve Capital

Notably, the site is set to undergo a transformative mixed-use development that will include 82 studio, one-, and two-bedroom apartments situated above ground-floor commercial space, alongside rooftop amenities and parking for 60 vehicles.