Farid Rahmani Acquires Development Site In South LA For $2.6M

An investment group consisting of @RafiJacobi, @KylePari, Farid Rahmani, and buyer Josh Golcheh has completed the purchase of a development site located at 8216 S. Western Ave in South LA. The property, with a total square footage of 26,000, was sold for $2,600,000 at a price per buildable square foot (PPBSF) of $100. The transaction marks the entry of @F_Ramani, CEO of @Isaac_Liev, as the newest investor in GDI.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $2,600,000
• Address: 8216 S. Western Ave
• Market: South LA
• Buyer: Josh Golcheh, @RafiJacobi, @KylePari, Farid Rahmani
• BSF: 26,000
• PPBSF: $100
• Note: Introducing GDI's newest investor @F_Ramani, CEO of @Isaac_Liev

The investment group, led by Josh Golcheh, partnered with @RafiJacobi, @KylePari, and Farid Rahmani to acquire the development site. This strategic collaboration allowed them to leverage their expertise in the industry and secure the property in the desirable South LA market. Additionally, the entry of @F_Ramani, CEO of @Isaac_Liev, as a new investor highlights the growing influence and attractiveness of GDI's investment opportunities.