Sunset Built Homes Acquires Development Site In Encino For $1.6M

Located at 17001 Escalon Dr. in Encino, this development site was recently sold in a closed transaction. The sale took place on March 23, 2021, with @Morgan_Benmoshe sharing an image of the property on Instagram. The asset type of this property is a development site, offering potential for future construction or redevelopment.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $1,609,000
• Address: 17001 Escalon Dr., Encino
• Market: Encino

@SunsetBuiltHomes purchased this development site, with @Morgan_Benmoshe acting as the broker representing the buyer. The sale price for this property was $1,609,000, resulting in a price per square foot (PPSF) of $268. With a building square footage (BSF) of 6,000, the buyer secured a promising opportunity for development.