Kamran Paydar & Laurie Lustig Bower Of CBRE Facilitate $4.9M Sale Of Multifamily Development Site In Los Angeles | 10285 Missouri Avenue & 1814-1824 Fox Hills Drive | Laurie Lustig Bower, Kamran Paydar | Development Site | Sale

Summary

Sale

CALIFORNIA

Development Site

16,900 sqft

An 8,450-square-foot multifamily development site in Century City, West Los Angeles, located at 10285 Missouri Avenue & 1814-1824 Fox Hills Drive, was recently sold for $4,900,000. The buyers, 416 Development Group, LLC & Fox Hills Development Group, acquired the property from the seller, 1814 Fox Hill Drive, LLC. The sale price translates to approximately $580 per square foot.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $4,900,000
Address: 10285 Missouri Avenue & 1814-1824 Fox Hills Drive
Market: Los Angeles

Kamran Paydar and Laurie Lustig-Bower from CBRE represented the seller, 1814 Fox Hill Drive, LLC, in this transaction. The buyers, 416 Development Group, LLC & Fox Hills Development Group, aim to develop a 20-unit apartment building on the site. The location's proximity to various retail amenities and the Century City business district presents an attractive opportunity for the envisioned live-work-play environment.

Players

All
3

Agents
2
Agencies
1

Laurie Lustig Bower

Executive Vice President

$437.1M Sold

Kamran Paydar

First Vice President

$279.3M Sold

CBRE

Details

Deal Summary

SOLD

IMAGE: Laurie Lustig Bower & Kamran Paydar DATE: 05/02/2024 ADDRESS: 10285 Missouri Avenue & 1814-1824 Fox Hills Drive MARKET: Los Angeles ASSET TYPE: Development Site BUYER: 416 Development Group, LLC & Fox Hills Development Group SELLER: 1814 Fox Hill Drive, LLC BROKERS: Kamran Paydar & Laurie Lustig Bower (@Laurie__Bowers) - CBRE (@CBRE) SALE PRICE: $4,900,000 SF: 8,450 ~ PPSF: $580 NOTE: CBRE facilitated the $4.9 million sale of an 8,450-square-foot multifamily development site in Century City, West Los Angeles, to 416 Development Group, LLC, with Fox Hills Development Group, LLC as the development entity. Laurie Lustig-Bower and Kamran Paydar from CBRE’s Los Angeles Multifamily Investment Sales represented the seller, 1814 Fox Hill Drive, LLC, in this transaction. The buyer intends to construct a 20-unit apartment building at the site, benefitting from its prime location near premier retail amenities and the Century City business district, offering an ideal live-work-play environment.

View on map

Address10285 Missouri Avenue & 1814-1824 Fox Hills Drive

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want