Raz Hen Acquires Redevelopment Site In Sherman Oaks For $1.3M

A redevelopment site located at 4825 Lemona Ave in Sherman Oaks, CA has been sold in a recent off-market transaction. The property, with a lot size of 6,755 square feet, presented an opportunity for remodeling. The buyer, Raz Hen, acquired the site from the seller, Daniel Galli, for a sale price of $1,300,000, lower than the initial asking price of $1,600,000. The building's square footage (BSF) is 3,188, resulting in a price per square foot (PPSF) of $408. This transaction was facilitated by the broker Gabriel Talasazan, who represented both the buyer and the seller.

Summary of transaction details:

• Property Type: Redevelopment Site
• Transaction Amount: $1,300,000
• Address: 4825 Lemona Ave
• Market: Sherman Oaks
• Buyer: Raz Hen
• Seller: Daniel Galli
• Broker: Gabriel Talasazan - Dual Representation
• Lot Size: 6,755 SF

This sale represents one of Gabriel Talasazan's most recent successes in Sherman Oaks. The property's back house is planned to be converted into an accessory dwelling unit (ADU), adding further value and potential to the site.