David Pourbaba's 4D Development Acquires Development Site In DTLA For $10.25M

Located at 1201 S Los Angeles St in DTLA, this development site was recently sold in a closed transaction. The property, owned by 1201 S Los Angeles Property LLC, was purchased by David Pourbaba from 4D Development & Investments. The deal was facilitated by brokers Jonathan Farasat, Alex Kozakov, Patrick Wade, and Matthew Greenberg. The transaction took place on September 4, 2019, and the sale price for the property was $10,250,000.

Summary of Transaction Details

• Property Type: Development site
• Transaction Amount: $10,250,000
• Square Footage: 25,787
• Price Per Square Foot: $398
• Address: 1201 S Los Angeles St, DTLA
• Market: DTLA

The property was sold by 1201 S Los Angeles Property LLC and purchased by David Pourbaba - 4D Development & Investments. Jonathan Farasat, Alex Kozakov, Patrick Wade, and Matthew Greenberg served as the brokers in the transaction.