An investment property located at 1025 Pleasant View Ave in Venice Beach has been sold in a multifamily transaction. The property consists of 3 units with a total of 2,801 square feet. The sale price for this asset was $3,150,000, making the price per unit $1,050,000 and the price per square foot $1,124.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,150,000
• Units: 3
• Price per Unit: $1,050,000
• Square Footage: 2,801
• Price per Square Foot: $1,124
• Market: Venice Beach

The buyer of this property is Luis Marolo, while the seller is The Goldfinger Group, represented by Elijah Korobkin and Maxx Feldman. The transaction was facilitated by broker Trevor Levin from Nourmand & Associates.

It's worth mentioning that The Goldfinger Group is currently looking to complete a 1031 exchange and is specifically interested in acquiring value-add assets in Southern California within the price range of $3 million to $15 million. Any potential deals fitting this criteria can be submitted to [email protected] and [email protected].