Kenny Stevens Of Compass Represents Buyer In $3.3M Multifamily Sale In Venice

A six-unit multifamily property located at 209 4th Avenue in Venice has been sold for $3,300,000. The building encompasses a total area of 6,850 square feet, resulting in a price per unit of $550,000 and a price per square foot of $482. Notable features of the property include ocean views and gated parking, along with a completed earthquake retrofit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,300,000
• Units: 6
• Square Footage: 6,850
• Price per Unit: $550,000
• Price per Square Foot: $482
• Buyer's Representative: Kenny Stevens - Compass
• Seller's Representative: Wesley Wellman - Wellman Realty

Kenny Stevens from Compass represented the buyer in this transaction, whereas Wesley Wellman from Wellman Realty represented the seller, facilitating the successful sale of the multifamily asset.