Charles Kim Acquires Development Site In West Adams For $1.175M

Located in the West Adams neighborhood, the development site at 2616 Wellington Road has been sold in a transaction that closed on January 31, 2022. The property was purchased for $1,175,000, with a building square footage of 6,300. The buyer in this deal was Charles Kim, while the seller was Stanley Edmonds. The transaction was facilitated by Yohann Bensimon of Ikon Advisors, who represented both parties as the broker.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $1,175,000
• Building Square Footage: 6,300
• Buyer: Charles Kim
• Seller: Stanley Edmonds
• Broker: Yohann Bensimon - Ikon Advisors

The sale of this development site represents a significant transaction in the West Adams market. It demonstrates the continued demand for properties in this area and the confidence of buyers like Charles Kim in the neighborhood's potential. The involvement of Yohann Bensimon of Ikon Advisors as the broker further highlights the importance of experienced and knowledgeable professionals in facilitating successful real estate transactions.