Michael Stein Acquires Development Site On North Vendome Street For $1.05M

Located at 701 North Vendome Street in Los Angeles, this development site was recently sold in a closed transaction. The property spans 6,200 square feet and is zoned as LAR3, offering potential for development. The sale price for this asset was $1,050,000, resulting in a price per square foot of $169. The transaction took place on December 14, 2023.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $1,050,000
• Address: 701 North Vendome Street
• Market: Los Angeles
• Zoning: LAR3

The buyer of this property was Michael Stein, while the seller was Hannah Bakers. Navid Toomarian, Ariel Sayani, and Jordan Petito, representing Partners CRE, acted as the brokers in this deal. It's worth noting that Ariel Sayani can also provide information about job opportunities in commercial real estate, including leads for interested individuals.