Brennen Hakimian Acquires Development Site In West Hollywood For $6.2M

A development site located at 1004 Alfred St. & 8447 Romaine in the West Hollywood market has been sold for $6,200,000. The property is zoned as R4 Tier 3 and has the potential for 57 units. The sale was facilitated by Brennen Hakimian as the buyer, with Thomas Dacosse and Mark Wray as the sellers. The transaction was brokered by Michael Monempour.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $6,200,000
• Address: 1004 Alfred St. & 8447 Romaine, West Hollywood
• Market: West Hollywood
• Zoning: R4 Tier 3
• Total Units: 57
• Built Square Footage: 55,000
• Price Per Built Square Foot: $112
• Price Per Unit: $108,771

This transaction showcases the collaboration between Brennen Hakimian as the buyer and the sellers, Thomas Dacosse and Mark Wray. Michael Monempour represented the buyer in the deal as a broker. The development site, with its R4 Tier 3 zoning potential for 57 units, presented a lucrative opportunity in the West Hollywood market.