Sam Keren Acquires Development Site In Los Angeles For $2.7M

One of the recent closed property transactions in Los Angeles, CA, involved the sale of a development site located at 845 Le Doux Rd. The transaction took place on 12/01/2022 and had a sale price of $2,700,000. The buyer, Sam Keren, acquired the property from the seller, Diane Rosenberg. The property is a development site with a building square footage (BSF) of 15,390. The price per building square footage (PPBSF) was $175.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $2,700,000
• Address: 845 Le Doux Rd, Los Angeles, CA
• Buyer: Sam Keren
• Seller: Diane Rosenberg
• Brokers: Michael Monempour & David Saghian - Kidder Mathews

Michael Monempour and David Saghian of Kidder Mathews represented the buyer and seller in this transaction. It's worth noting that this sale set a new record for land priced at $450 per square foot (PSF) for residential zoning in the 90035 zip code of Los Angeles.