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3-Building Multifamily Portfolio Sale

89 Units on Venice Blvd. Sold for $12.8 Million
By Joseph Kalkstein
December 19, 2002 | 8:51 P.M.

Museum Center LLC purchased three multifamily buildings from Venice Glencoe Ltd. for $12.803 million, $143,854 per unit. The properties are located at 1601, 1620, and 1621 Venice Blvd. in Los Angeles. There are a total of 89 units at the three properties totaling 73,642 square feet. This transaction was the upleg in a 1031 exchange for the Museum Center, who was represented by Charles Lazar of Miller & Desatnik.

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News | 3-Building Multifamily Portfolio Sale