Linda Chen Purchases Multifamily Property At 44 Navy Street From Cho Wu For $3.2M

The property located at 44 Navy Street, Venice, is a multifamily asset featuring 15 units. The total sale price for the transaction was $3,200,000, with a price per unit of $213,333. The building encompasses a total square footage of 6,300, which translates to a price per square foot of $507.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,200,000
• Units: 15
• Square Footage: 6,300
• Price Per Unit: $213,333
• Price Per Square Foot: $507
• Buyer: Linda Chen
• Seller: Cho Wu
• Broker: Han Widjaja Chen - Growth Investment Group

Linda Chen acquired the property from Cho Wu, with the transaction facilitated by the brokerage firm Growth Investment Group, represented by Han Widjaja Chen. The deal reflects active market interest in the Venice area, particularly in multifamily investments.