Eleos Acquires Development Site In South LA From BFFM For $3.5M

An undeveloped property located at 4800 - 4822 S. Main St. in South LA has been sold for $3,500,000. The development site spans approximately 37,924 square feet, yielding a price per square foot of $92. The transaction took place on March 12, 2021. The buyer is Eleos, represented by David Aghaei and Daniel Dayan. The seller is BFFM. The brokers involved in the deal were Armen Kazaryan and Ron Young.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $3,500,000
• Address: 4800 - 4822 S. Main St.
• Market: South LA
• Buyer: Eleos, represented by David Aghaei and Daniel Dayan
• Seller: BFFM
• Brokers: Armen Kazaryan and Ron Young

Daniel Dayan and David Aghaei, from Eleos, successfully acquired the undeveloped property located at 4800 - 4822 S. Main St. in South LA for $3,500,000. The transaction was facilitated by brokers Armen Kazaryan and Ron Young. This deal marks an important step for Eleos in expanding its portfolio in the South LA market.