Eleos Acquires Development Site On S. Crenshaw Blvd. In South Los Angeles

A development site located at 7715-7725 S. Crenshaw Blvd. in South Los Angeles has been sold in a recent transaction. The property was purchased by Eleos, represented by David Aghaei and Daniel Dayan. The seller was the Wilchfort Family Trust, represented by Izydor Wilchfort. The transaction was facilitated by brokers Robert Clifford, Vaun Lennon, and Spencer Seeton of Lee & Associates.

Summary of transaction details:

• Property Type: Development Site
• Sale Date: 08/11/2021
• Address: 7715-7725 S. Crenshaw Blvd.
• Market: South Los Angeles
• Buyer: Eleos - David Aghaei & Daniel Dayan
• Seller: Wilchfort Family Trust - Izydor Wilchfort
• Brokers: Robert Clifford, Vaun Lennon, and Spencer Seeton - Lee & Associates
• Asking Price: $3,350,000
• Sale Price: $3,350,000
• Building Square Footage (BSF): 30,620
• Price per Building Square Foot (PPBSF): $109

The transaction for the development site at 7715-7725 S. Crenshaw Blvd. was completed with Eleos acquiring the property from the Wilchfort Family Trust. The deal was overseen by brokers Robert Clifford, Vaun Lennon, and Spencer Seeton of Lee & Associates. The property's characteristics include a total area of 30,620 square feet and a sale price of $3,350,000. The transaction represents a price per building square foot of $109. The sale of this development site signifies a significant opportunity for future development in South Los Angeles.