Telos Properties Acquires Development Site In Los Angeles For $855,000

A development site located at 11555 Kittridge St. in Los Angeles has been sold for a total price of $855,000. The site spans 6,856 square feet and was purchased by Telos Properties, represented by Josh Gorokhovsky. The seller, Lance Ruffenach, completed the transaction with the assistance of Thomas DeLuca from Cushman & Wakefield.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $855,000
• Units: 5
• Price per Unit: $171,000
• Square Footage: 6,856
• Price per Square Foot: $124
• Buyer: Telos Properties - Josh Gorokhovsky
• Seller: Lance Ruffenach
• Broker: Thomas DeLuca - Cushman & Wakefield

This transaction represents a significant sale in the Los Angeles market. Telos Properties, led by Josh Gorokhovsky, has acquired the development site from Lance Ruffenach. Thomas DeLuca, representing Cushman & Wakefield, facilitated the deal. With a purchase price of $855,000 and a total area of 6,856 square feet, this sale adds to the thriving real estate landscape in Los Angeles.