Shahin Adeli Nadjafi Acquires Multifamily Property In Venice For $2.25M

A multifamily property located at 36 - 38 Paloma Ave. in the Venice market was recently sold. The transaction took place on 01/21/2022, and the sale was facilitated by Vinny Jain of Ingenious Asset Group Inc. The property consists of three units with a total square footage of 3,120. The sale price for the property was $2,250,000, resulting in a price per unit of $750,000 and a price per square foot of $721.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $2,250,000
• Units: 3
• Price per Unit: $750,000
• Square Footage: 3,120
• Price per Square Foot: $721

The buyer of the property is Shahin Adeli Nadjafi, and the seller is the Ethel M Robinson Trust. Vinny Jain from Ingenious Asset Group Inc. represented the buyer and facilitated the sale. The property is located in the Venice market, known for its desirable real estate opportunities. The transaction represents a successful deal in the multifamily segment, further contributing to the thriving real estate market in Venice.