A mixed-use development site located at 7901 Sunset Blvd in West Hollywood/Hollywood has been sold for a price of $12,500,000. The property spans a total square footage of 20,735, resulting in a price per square foot of $602.85. The transaction took place on December 5, 2019, with Amad Taban purchasing the property from Steve Kellerman.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $12,500,000
• Square Footage: 20,735
• Price per Square Foot: $602.85
• Transaction Date: December 5, 2019
• Buyer: Amad Taban
• Seller: Steve Kellerman

In representing the buyer and seller in this transaction, Kelly Betpolice and Peter Steigleder of an unnamed agency played key roles as brokers. The property was sold as a mixed-use redevelopment opportunity, providing potential for future development and investment opportunities in the area.