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Jeff Lee Acquires Development Site In Miracle Mile For $1.25M

1009 South Cochran Avenue
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This Development Site property located in CA was sold for $1,250,000 about 3 years ago. The brokers of the deal were Carter Kruse and Jason Tuvia

Located in Miracle Mile, the development site at 1009 S. Cochran Ave. has been sold in a recent transaction. The property spans 8,825 square feet and is designated for development purposes.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $1,250,000
  • Address: 1009 S. Cochran Ave.
  • Market: Miracle Mile
  • Buyer: Jeff Lee
  • Seller: Marlene Aframian

The deal was facilitated by the brokers Jason Tuvia and Carter Kruse. They played a crucial role in representing the buyer and seller respectively.

NOTE: No additional information is available regarding financing details or any other notable aspects of the transaction.

This transaction demonstrates the active real estate market in Miracle Mile and the interest in development opportunities in the area.

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Deals
  • Location
    1009 S Cochran Ave, Central LA, Los Angeles, CA, USA1009 S Cochran Ave, Central LA, Los Angeles, CA, USA
  • Sale Price
    $1,250,000$1,250,000
    $141 PPSF$141 PPSF
  • Area
    8,825 SF8,825 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Carter Kruse

Carter Kruse

Deals5
Sold$12.2M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Jason Tuvia & Carter Kruse DATE: 03/16/2021 ADDRESS: 1009 S. Cochran Ave. MARKET: Miracle Mile ASSET TYPE: Dev. Site BUYER: Jeff Lee SELLER: Marlene Aframian BROKERS: Jason Tuvia & Carter Kruse SALE PRICE: $1,250,000 BSF: 8,825 ~ PPBSF: $141

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1009 South Cochran Avenue

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