24-UNIT APARTMENT COMPLEX FETCHES $3.8 MILLION

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VENICE, CALIF. — Kevin Sabin and Lev Galitzin of Sperry Van Ness represented the seller in the disposition of The Venice Rose, an apartment complex located at 15 Rose Ave. in Venice. An undisclosed out-of-state buyer acquired the property for $3.8 million or $348 per square foot. Originally built in 1908 by Abbot Kinney, the property features 13 single units, nine one-bedroom/one-bath units and two two-bedroom/one-bath units. The building also features a rooftop deck with ocean views, huge balconies/patios and hardwood flooring.

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