Simon Aftalion Daniel Glimcher Sabin Burrell Scott Pollack Buy Retail Development On Westwood Boulevard For $3.8M

A retail development opportunity located at 2023-2029 Westwood Boulevard in Los Angeles was involved in this transaction. The property consists of 4,410 square feet and sits on a lot of 10,804 square feet. The transaction was completed at a price of $3,800,000, resulting in a price per square foot of $861 and a land price per square foot of $352.

Summary of transation details:

• Property Type: Retail, Development Opportunity
• Transaction Amount: $3,800,000
• Buyer: Simon Aftalion, Daniel Glimcher, Sabin Burrell, and Scott Pollack - Passo
• Seller: The Bernard Company
• Seller's Rep: Iman Mossanen - Marcus & Millichap
• Buyer's Rep: Errol Spiro - Miller & Desatnik Realty
• SF: 4,410
• Lot SF: 10,804
• PPSF: $861
• Land PPSF: $352

Iman Mossanen from Marcus & Millichap represented the seller in this transaction, while Errol Spiro of Miller & Desatnik Realty acted as the buyer's representative. It is noteworthy that Passo has an active pipeline of over 1,000 multi-family units in various stages of development, focusing on meeting the city's need for affordable housing and pursuing new projects in prime areas of Los Angeles. Property owners with suitable parcels are encouraged to reach out to Iman Mossanen with potential site opportunities.