Eleos Acquires Development Site In South Los Angeles For $2.7M

A development site located at 5001 - 5115 S. Broadway Ave. in South Los Angeles was recently sold for a transaction amount of $2,725,000. The property encompasses a total square footage of 20,557 and is classified as a development site. This sale was facilitated by Armen Kazaryan and Ron Young from Lee & Associates, who represented the buyer Eleos, consisting of David Aghaei and Daniel Dayan. The seller in this transaction was Delphin Trust, represented by Vaughn J. Delphin.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $2,725,000
• Address: 5001 - 5115 S. Broadway Ave.
• Market: South Los Angeles
• Buyer: Eleos - David Aghaei & Daniel Dayan
• Seller: Delphin Trust - Vaughn J. Delphin
• Brokers: Armen Kazaryan & Ron Young - Lee & Associates
• BSF: 20,557
• PPBSF: $132

Armen Kazaryan and Ron Young from Lee & Associates played a pivotal role in this transaction, representing the buyer Eleos, led by David Aghaei and Daniel Dayan. On the other side of the deal, Vaughn J. Delphin acted as the representative for the seller, Delphin Trust. The property's prime location in South Los Angeles and the expertise of the involved brokers contributed to the successful sale of this development site.