Michael Cohanzad Acquires 11-Unit Multifamily In Venice For $3.3M

An 11-unit multifamily property located at 2001 Penmar Avenue in Venice has been sold for $3,300,000. The property spans across 7,496 square feet, with an average price per square foot of $440. The transaction took place on January 20, 2022. Michael Monempour of Kidder Matthews represented the seller, Charlotte Hanson, in this deal. Michael Cohanzad is the buyer.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,300,000
• Address: 2001 Penmar Avenue
• Market: Venice
• Units: 11
• Price per Unit: $300,000
• Square Footage: 7,496
• Price per Square Foot: $440

Michael Monempour, representing Kidder Matthews, acted as the broker in this transaction.