Jose Gonzalez Acquires Development Site On 4324 S. Vermont Ave. In Los Angeles For $1.25M

A development site located at 4324 S. Vermont Ave. in Los Angeles has been sold in a recent transaction. The property, which is a 16-unit RTI development near USC, was sold above the list price and generated multiple offers. The sale price for the property was $1,250,000, amounting to $78,125 per buildable unit. The property spans 17,121 square feet, resulting in a price of $203.85 per land square foot.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,250,000
• Address: 4324 S. Vermont Ave., Los Angeles
• Market: Los Angeles
• Units: 16
• Price per Unit: $78,125
• Building Square Footage (BSF): 17,121
• Price per BSF: $203

Jose Gonzalez emerged as the buyer, while Fred Javdan acted as the seller in this deal. The transaction was facilitated by the LAAA Team from Marcus & Millichap, represented by brokers Filip Niculete, Glen Scher, and Jordan Epstein.