Sanford Mann Acquires Multifamily Property On Abbot Kinney Boulevard In Venice For $8.6M

Located at 2727-2741 Abbot Kinney Boulevard in the vibrant neighborhood of Venice, this multifamily property has recently been sold in a closed transaction. The property consists of 20 units and spans a total of 11,888 square feet, offering spacious living spaces for its residents. The sale price for this transaction was $8,600,000, resulting in a per unit price of $430,000. The price per square foot is calculated to be $723, showcasing the value of this property in the Venice market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,600,000
• Address: 2727-2741 Abbot Kinney Boulevard
• Market: Venice

In this transaction, the buyer, Sanford Mann, acquired the property from the seller, Alex Soleimani. The deal was facilitated by Richard Ringer from Marcus & Millichap, representing both parties involved in the transaction. With their expertise and negotiation skills, they ensured a successful sale, resulting in a beneficial outcome for both the buyer and the seller.