Adam Surnow Acquires Dev Site In Koreatown For $2.9M

A development site located at 544 and 550 S Wilton Ave in Koreatown was recently sold for $2,900,000. The property was listed for an asking price of $3,200,000. Spanning over 40,000 square feet, the site offers a price per buildable square foot of $72. The transaction took place on March 26, 2021.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $2,900,000
• Address: 544, 550 S Wilton Ave
• Market: Koreatown
• Asking Price: $3,200,000
• Buildable Square Footage: 40,000
• Price per Buildable Square Foot: $72

The transaction was facilitated by Jonathan Sanchez, who represented the buyer Adam Surnow throughout the deal.