Kleinberger Family Acquires Development Site In Encino, Los Angeles For $7M

The development site located at 4741 Libbit Ave in Encino, Los Angeles has been sold for $7,000,000. Spanning across 27,017 square feet, the property offers ample space for potential development. With a price per square foot of $259, this sale presents a significant investment opportunity.

Summary of Transaction Details:

• Property Type: Development Site
• Transaction Amount: $7,000,000
• Date: 03/18/2022
• Address: 4741 Libbit Ave, Encino, Los Angeles
• Market: Encino, Los Angeles

The buyer of the property was the Kleinberger Family, while the seller was the Bronfman Family. Almog Strikowski and Dario Svidler represented both parties as brokers in this transaction, ensuring a smooth and successful deal was achieved.