Eleos Acquires Development Site In South LA For $2.6M

7501 South Western Avenue, South LA, Los Angeles, CA 90047, USA

$2,575,000

$124/SF

Building Size

20,750 SF

Asset Type

Development Site

Closing

Jul 7, 2020

AI

A development site located at 7501-7513 S. Western Ave. in South LA has been sold for a price of $2,575,000. The site spans a total square footage (BSF) of 20,750, resulting in a price per square foot (PPBSF) of $124. The transaction took place on July 7, 2021.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $2,575,000
Address: 7501-7513 S. Western Ave.
Market: South LA

The buyer of the property is Eleos, represented by David Aghaei and Daniel Dayan. On the other hand, the seller is Mohammad Rouzbehi. The brokers involved in the deal are Robert Clifford, Vaun Lennon, and Spencer Seeton, who are from Lee & Associates.

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