Sola Impact Acquires Development Site On Martin Luther King Blvd In Los Angeles

A development site located at 1451 Martin Luther King Blvd in Los Angeles has been sold in a recent transaction. The property, with a buildable square footage (BSF) of 12,047, was acquired by Sola Impact for a total price of $1,450,000. This translates to a purchase price per buildable square foot (PPBSF) of $120.

Summary of transaction details

• Property Type: Development site
• Transaction Amount: $1,450,000
• Buyer: Sola Impact
• Seller: James Kwon
• Brokers: Elizabeth Clark - Compass, Sayeh Foroutan - Compass
• Address: 1451 Martin Luther King Blvd
• Market: Los Angeles

The deal was facilitated by Elizabeth Clark and Sayeh Foroutan, both representing Compass brokerage. The transaction is a testament to the continuous development and growth in the Los Angeles market.