SOLD
Pedram Zade Buys Development Site In Prime LA For $2.63M
401 Le Doux Road
Development Site
5,770 SF
5,770 SF
Sold 37 days ago
Summary
Sale
CALIFORNIA
Development Site
5,770 sqft
The development site located at 401 S Le Doux Road in Los Angeles has been sold for $2,626,000. Spanning 5,770 square feet, the property was acquired by Pedram Zade from seller Mark Klein. The transaction was facilitated by seller's representatives Filip Niculete, Glen Scher & Sam Liberow from Marcus & Millichap. The asset, comprising 6 units, is positioned in a prime area of LA and was sold as covered land for future redevelopment.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,626,000
- Square Footage: 5,770
- Price per Square Foot: $455
- Address: 401 S Le Doux Road
- Market: Los Angeles
The seller, Mark Klein, is exchanging into NNN properties as part of the transaction. The buyer, Pedram Zade, seized the opportunity to invest in this valuable development site under the guidance of Marcus & Millichap's representatives, Filip Niculete, Glen Scher, and Sam Liberow.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Filip Niculete, Glen Scher & Sam Liberow
DATE: 03/15/2024
ADDRESS: 401 S Le Doux Road
MARKET: Los Angeles
ASSET TYPE: Development Site
BUYER: Pedram Zade
SELLER: Mark Klein
SELLER'S REP: Filip Niculete (@FNiculete), Glen Scher (@ScherGlen) & Sam Liberow (@Sam_Liberow) - Marcus & Millichap (@MarcusMillichapinc)
SALE PRICE: $2,626,000
SF: 5,770 ~ PPSF: $455
NOTE FROM SELLER'S REP:: 6 Units in Prime LA
Sold as Covered Land
for Future Redevelopment
Seller is Exchanging into NNNView on map
Loading...
Address401 Le Doux Road
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want