Thomas James Homes Acquires Development Site In Los Angeles For $2.84M

A development site located at 6046 Comey Ave. & 2625 Cullen Ave. in Los Angeles has been sold in a transaction dated January 4, 2022. The property, sold by Steve Stapakis, was purchased by Thomas James Homes for a sale price of $2,840,000. The development site has a buildable square footage (BSF) of 14,000, resulting in a price per buildable square footage (PPBSF) of $202. The transaction was facilitated by brokers Michael Monempour and David Saghian from Kidder Mathews.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,840,000
• Address: 6046 Comey Ave. & 2625 Cullen Ave., Los Angeles
• Market: Los Angeles
• Buyer: Thomas James Homes
• Seller: Steve Stapakis
• Brokers: Michael Monempour & David Saghian - Kidder Mathews
• BSF: 14,000
• PPBSF: $202

The successful transaction of this development site was made possible by the collaboration of key individuals and companies involved. Thomas James Homes acted as the buyer, while Steve Stapakis served as the seller. The deal was brokered by Michael Monempour and David Saghian from Kidder Mathews.