Mcmullin Drake Investments Acquires Multifamily Property In Venice For $3.53M
534 santa clara avenue
MultiFamily
4,800 SF
4,800 SF
Sold 1 year ago
Summary
Mcmullin Drake Investments, owned by Morgan Mcmullin and Bo Drake, has acquired an 8-unit multifamily property located at 534 Santa Clara Avenue in Venice. The property, consisting of an apartment building and a parking lot, was sold by Suzanne Roberts for a price of $3,530,000. The sale price equates to a per unit price of $441,250, and the total square footage of the property is 4,800, resulting in a per square foot price of $735.
Summary of transaction details
- Property Type: Multifamily (Apt Building & Parking Lot)
- Transaction Amount: $3,530,000
- Address: 534 Santa Clara Avenue
- Market: Venice
- Buyer: Mcmullin Drake Investments - Morgan Mcmullin & Bo Drake
- Seller: Suzanne Roberts
- Brokers: Mark Kitching - Douglas Elliman
- Units: 8
- Price per Unit (PPU): $441,250
- Total Square Footage (SF): 4,800
- Price per Square Foot (PPSF): $735
Mark Kitching from Douglas Elliman represented the buyer Mcmullin Drake Investments in this transaction.
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