Ariel Sayani & Jordan Petito Purchase Development Site On South Figueroa Street For $1.25M | 6719 & 6801 South Figueroa Street | Jordan Petito | Development Site | Sale

Summary

Sale

CALIFORNIA

Development Site

34,000 sqft

The development site located at 6719 & 6801 South Figueroa Street in Los Angeles has been sold for $1,250,000. Spanning 17,000 square feet, the transaction resulted in a price per square foot of $74.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $1,250,000
Buyer: Ariel Sayani & Jordan Petito
Seller: Jack Konjayan
Buyer's Representative: Jordan Petito - Partners CRE
Address: 6719 & 6801 South Figueroa Street
Market: Los Angeles

Ariel Sayani and Jordan Petito acquired the property with plans to entitle 105 units through Los Angeles's new ED1 program, aiming to develop affordable housing.

Players

All
2

Agents
1
Agencies
1

Jordan Petito

Senior Vice President

$7M Sold

Partners CRE

Details

Deal Summary

SOLD

IMAGE: Ariel Sayani & Jordan Petito DATE: 04/15/2024 ADDRESS: 6719 & 6801 South Figueroa Street MARKET: Los Angeles ASSET TYPE: Development Site BUYER: Ariel Sayani & Jordan Petito SELLER: Jack Konjayan BUYER'S REP: Jordan Petito (@JordanPetito) - Partners CRE (@Partners.CRE) SALE PRICE: $1,250,000 SF: 17,000 ~ PPSF: $74 NOTE FROM BUYER'S REP: Buyer plans on entitling 105 units through Los Angeles's new ED1 program for affordable housing.

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Address6719 & 6801 South Figueroa Street

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