22 Park Ave

The LAAA Team of Marcus & Millichap is proud to announce this all time record sale in Venice, CA, which is located just one block away from the sand.

All Time Record Sale

According to CoStar's records of all-time sale statistics for multifamily properties in Venice, CA, which account for all sales in the past 40+ years, this sale is the #2 highest number ever achieved for both Price/Unit and Price/SqFt. If you take away non-rent controlled buildings, this would be the #1 highest Price/Unit ever achieved in Venice for a rent-controlled property. Furthermore, we do not think it would be farfetched to call this the best sale ever achieved in the city of Venice since this is the only multifamily sale of any kind or year built to achieve more than $1,000/SqFt AND more than $800,000/Unit.

Deal Story

This deal was put together off market. We usually would not advise our clients to sell their property off market, since the only way to guarantee top of the market pricing is through a full marketing campaign, but this is a rare situation where we had the perfect buyer for this seller's property, and it made sense for him to sell without listing it.