RPH Multifamily Group - Marcus & Millichap Sells 37-Unit Multifamily Property In Venice For $5.75M

The multifamily property located at 1 Plaza Mayor in Venice has been sold. The transaction took place on December 19, 2021. The property consists of 37 units and was sold for a total price of $5,750,000, resulting in an average price per unit of $155,405. The sale was facilitated by Adam Podbelski, Ned Roberts, Jason Hague, and Sam Ferguson of RPH Multifamily Group, who represented the buyers and sellers in the deal. RPH Multifamily Group is affiliated with Marcus & Millichap.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,750,000
• Address: 1 Plaza Mayor, Venice
• Market: Venice
• Units: 37
• Price Per Unit: $155,405

The transaction was successfully executed with the assistance of Adam Podbelski, Ned Roberts, Jason Hague, and Sam Ferguson, who are affiliated with RPH Multifamily Group, a brokerage firm associated with Marcus & Millichap.