Leonardo's Real Estate & Investments Acquires Development Site In Los Angeles For $1.5M

Located at 1355 W 58th Street in Los Angeles, CA, this development site has been sold in a closed transaction. The property was purchased for the price of $1,500,000, which is also the asking price. The asset type of the property is a development site, with a building square footage (BSF) of 4,800 square feet and a price per BSF (PPBSF) of $313. The transaction was completed on November 17, 2022.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $1,500,000
• Address: 1355 W 58th Street, Los Angeles, CA
• Market: Los Angeles, CA
• Buyer: Leonardo's Real Estate & Investments - Leonardo Lopez
• Seller: The Manuel Rodriguez Trust
• Broker: Eric S. Chavez, CCIM & Jorge Chavez - eXp Commercial Realty of CAREBF, Inc. - Carebf, Inc

The buyer of the property is Leonardo's Real Estate & Investments, represented by Leonardo Lopez. On the other hand, the seller is The Manuel Rodriguez Trust. The transaction was facilitated by Eric S. Chavez, CCIM and Jorge Chavez from eXp Commercial Realty of CAREBF, Inc., which is a part of Carebf, Inc. The deal closed within 15 days with no contingencies and the property was sold "As Is" at fair market value. For any real estate inquiries, contact eXp Commercial Realty of CAREBF, Inc. at [email protected] or visit CAREBF.com.