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Hollywood Residential Opportunity Fund Acquires Development Site On Virginia Ave For $1.6M

Property Image
SOLD
$1,595,000
Alex Galuz
KZ

California

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Development Site11,000 SF
Sold 10/25/2019
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Property Image
SOLD

Hollywood Residential Opportunity Fund Acquires Development Site On Virginia Ave For $1.6M

5832 Virginia Avenue

See Similar Deals
Development Site11,000 SF
Sold 10/25/2019
Alex Galuz
KZ
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$145
Total Square Footage:11,000 SF
Transaction Type:Sale

The development site located at 5832 Virginia Avenue in Hollywood has been sold for a price of $1,595,000. The property consists of 11,000 square feet and is being sold as a development opportunity.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $1,595,000
  • Square Footage: 11,000
  • Address: 5832 Virginia Avenue
  • Market: Hollywood

The buyer of the property is Hollywood Residential Opportunity Fund, represented by Kevin Zarabi. The seller of the property is Alex Galuz. The transaction was facilitated by Crescent Realty.

It is worth noting that the development site is ready-to-issue (RTI) for an 11,000 square foot apartment complex. This project will be the first to break ground for the Hollywood-focused Opportunity Zone Fund.

Players

Alex Galuz
Keller Williams Realty
Alex Galuz
14 deals$90.3M volume(708) 743-4913
BROKER
KZ
Kevin Zarabi
4 deals$9.9M volume
BUYER

Details

SOLD
IMAGE: Kevin Zarabi @kevinzarabi DATE: 10/25/2019 ADDRESS: 5832 Virginia Avenue MARKET: Hollywood ASSET TYPE: Development Site PRICE: $1,595,000 SF: 11,000 PPSF: $145 BUYER: Hollywood Residential Opportunity Fund - Kevin Zarabi SELLER: Alex Galuz BROKERS: Crescent Realty NOTES: Development site is RTI for an 11,000 SF apartment complex. This will be the first project to break ground for the Hollywood-focused Opportunity Zone Fund.

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