Demitri Samaha Acquires Development Site In Silver Lake For $3.6M

A development site in Silver Lake, located at 1661-1667 Allesandro St. and 2210 Effie St., has been sold for a price of $3,600,000. The property was acquired by Demitri Samaha from Oliver Ferguson and Sarah Ferguson. The transaction was facilitated by Brandon Michaels, Matthew Luchs, and Andrew Leff, who represented the parties involved in the deal. The development site spans a total of 21,157 square feet and is classified as a development site. The price per buildable square foot for the property is $170.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $3,600,000
• Address: 1661-1667 Allesandro St. & 2210 Effie St., Silver Lake
• Market: Silver Lake

Brandon Michaels, Matthew Luchs, and Andrew Leff from Marcus & Millichap were the brokers responsible for facilitating the transaction. This sale represents a significant investment opportunity in the desirable Silver Lake neighborhood. The buyers and sellers involved in this transaction have executed a successful deal, ensuring a favorable outcome for both parties involved.