Brennen Hakimian Acquires Development Site In Beverly Grove For $2.7M | 8447 Romaine Avenue | Michael Kamara, Michael Monempour, Michael Sterman | Development Site | Sale

Summary

Sale

CALIFORNIA

Development Site

27,000 sqft

An R4-1 zoned development site located at 8447 Romaine Ave in the Beverly Grove market has been sold for $2,700,000. The transaction took place on November 15, 2020. The property has a buildable square footage (BSF) of 27,000, resulting in a price per buildable square footage (PPBSF) of $100.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $2,700,000
Address: 8447 Romaine Ave
Market: Beverly Grove
Zoning: R4-1

Brennen Hakimian purchased the property from Mark Ray. The deal was facilitated by brokers Michael Monempour, Michael Kamara, and Michael Sterman.

Players

All
5

Agents
3
Agencies
2

$34.9M Sold

$273.1M Sold

Vice President Investments

$271M Sold

Marcus & Millichap

Lyon Stahl Investment Real Estate

Details

Deal Summary

SOLD

IMAGE: Brennen Hakimian, Michael Monempour, Michael Sterman & Michael Kamara DATE: 11/15/2020 ADDRESS: 8447 Romaine Ave. MARKET: Beverly Grove ASSET TYPE: Development Site BUYER: Brennen Hakimian SELLER: Mark Ray BROKERS: Michael Monempour, Michael Kamara & Michael Sterman SALE PRICE: $2,700,000 BSF: 27,000 ~ PPBSF: $100 ZONING: R4-1

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Address8447 Romaine Avenue

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