Mark Diffie Purchases Triplex At 558 San Juan Avenue Venice For $1.85M With Chase Simonton & Andrew Wong

A multifamily triplex located at 558 San Juan Avenue in Venice has been sold for $1,850,000. The property consists of three units, covering a total square footage of 3,289 and appraising at a price per unit of $616,666 and price per square foot of $562.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,850,000
• Units: 3
• Square Footage: 3,289
• Price per Unit: $616,666
• Price per Square Foot: $562
• Buyer: Mark Diffie
• Seller: Richard Barron
• Broker Representatives: Chase Simonton & Andrew Wong - RE/MAX One Commercial

The transaction required coordination as the buyer was simultaneously selling their home and moving in to occupy one of the units. The deal also involved addressing the complexities of a partnership dissolution on the seller's side. Despite facing multiple challenges, the brokers successfully navigated the process, ensuring all parties remained engaged and the closing was achieved.