Matthew Freeman & Derf Fredericks Facilitate $3.5M Land Sale In Venice, CA

Located at 104 Lincoln Blvd in Venice, CA, the property involved in this transaction is a land parcel spanning approximately 9,431 square feet. The sale price for this asset was $3.5 million. The deal includes 4 parcels with 2 APNs and has the potential for a 30-40 unit development, pending city approval. Phase I & II reports have been completed for this property.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $3,500,000
• Lot Square Footage: 9,431
• Price Per Land Square Foot: $371
• Address: 104 Lincoln Boulevard
• Market: Venice

Matthew Freeman of Pardee Properties represented the buyer in this transaction, while Derf Fredericks of Fredericks Realty represented the seller. The deal involves a land parcel with potential for significant development, awaiting city approval before moving forward with the envisioned 30-40 unit project.