SOLD
LAAATeam Acquires Development Site In Valley Village For $1.15M
12001 Magnolia Boulevard
Development Site
6,094 SF
6,094 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
Development Site
6,094 sqft
An R3-1 zoned development site located at 12001 Magnolia Blvd in Valley Village has been sold for $1,150,000. The property spans 6,094 square feet and offers the potential for development with its zoning designation. The sale includes 16 units, resulting in a per unit price of $71,875. The price per buildable square footage (PPBSF) is estimated at $188.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,150,000
- Address: 12001 Magnolia Blvd
- Market: Valley Village
- Asset Type: R3-1 Zoned
The transaction was facilitated by the collaborative efforts of Filip Niculete, Glen Scher, Arash Memary, and Marije Kruythoff from the LAAATeam. These brokers represented the parties involved in the deal to ensure a smooth transaction.
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: Glen Scher, Filip Niculete, Arash Memary & Marije Kruythoff
DATE: 03/19/2021
ADDRESS: 12001 Magnolia Blvd.
MARKET: Valley Village
ASSET TYPE: Development Site ~ ZONING: R3-1
BROKERS: Filip Niculete, Glen Scher, Arash Memary & Marije Kruythoff @LAAATeam
SALE PRICE: $1,150,000
UNITS: 16 ~ PPU: $71,875
BSF: 6,094 ~ PPBSF: $188View on map
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Address12001 Magnolia Boulevard
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