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David Pourbaba's 4D Development Acquires Development Site In DTLA For $10.25M

1201 South Los Angeles Street
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This Development Site property located in CA was sold for $10,250,000 over 4 years ago. The brokers of the deal were Patrick Wade, Matthew Greenberg, Jonathan Farasat, and Alex Kozakov

Located at 1201 S Los Angeles St in DTLA, this development site was recently sold in a closed transaction. The property, owned by 1201 S Los Angeles Property LLC, was purchased by David Pourbaba from 4D Development & Investments. The deal was facilitated by brokers Jonathan Farasat, Alex Kozakov, Patrick Wade, and Matthew Greenberg. The transaction took place on September 4, 2019, and the sale price for the property was $10,250,000.

Summary of Transaction Details

  • Property Type: Development site
  • Transaction Amount: $10,250,000
  • Square Footage: 25,787
  • Price Per Square Foot: $398
  • Address: 1201 S Los Angeles St, DTLA
  • Market: DTLA

The property was sold by 1201 S Los Angeles Property LLC and purchased by David Pourbaba - 4D Development & Investments. Jonathan Farasat, Alex Kozakov, Patrick Wade, and Matthew Greenberg served as the brokers in the transaction.

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  • Location
    1201 S Los Angeles St, Fashion District, Los Angeles, CA, USA1201 S Los Angeles St, Fashion District, Los Angeles, CA, USA
  • Sale Price
    $10,250,000$10,250,000
    $397 PPSF$397 PPSF
  • Area
    25,787 SF25,787 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    4 Brokers, 2 Agencies4 Brokers, 2 Agencies

Agents

Patrick Wade

Patrick Wade

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Matthew Greenberg

Matthew Greenberg

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Alex Kozakov

Alex Kozakov

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Sold$254.5M

Agencies

CBRE

CBRE

Agency
Deals4231
Volume$184.3B

Maher Commercial Realty

Maher Commercial Realty

Agency
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Volume$182.2M

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Deal Summary

SALE IMAGE: Jonathan Farasat, Alex Kozakov, Patrick Wade & Matthew Greenberg DATE: 9/4/19 ADDRESS: 1201 S Los Angeles St MARKET: DTLA ASSET TYPE: Development site SELLER: 1201 S Los Angeles Property LLC BUYER: David Pourbaba - 4D Development & Investments BROKERS: Jonathan Farasat, Alex Kozakov, Patrick Wade, Matthew Greenberg PRICE: $10,250,000 SF: 25,787 ~ PPSF: $398

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