The development site located at 238 Rosemont Avenue in Los Angeles has recently been sold in a closed transaction. The property was listed with an asking price of $1,250,000 and was eventually sold for $1,100,000. The site spans over 2,777 square feet with a buildable square footage of 7,501, resulting in a price per buildable square foot of $146. The buyer of the property is Vesna Meehan, while the seller is the Ancheta Family Trust. Representing the buyer is Derrick J. Smith, and Zac Diles represents the seller in this transaction.

Summary of transaction details

• Property Type: Development site
• Transaction Amount: $1,100,000
• Address: 238 Rosemont Avenue, Los Angeles
• Market: Los Angeles
• Asking Price: $1,250,000
• Square Footage: 2,777
• Price per Buildable Square Foot: $146
• Seller: Ancheta Family Trust
• Buyer: Vesna Meehan
• Buyer's Representative: Derrick J. Smith
• Seller's Representative: Zac Diles

Derrick J. Smith represented the buyer, Vesna Meehan, in this transaction, while Zac Diles acted as the representative for the seller, the Ancheta Family Trust. This deal highlights the role that both buyer and seller representatives played in facilitating the sale of the development site at 238 Rosemont Avenue in Los Angeles.