Sunmar LLC Acquires Development Site In East Hollywood For $4.5M | 5016 West Sunset Boulevard, 1442 North Mariposa Avenue, 1440 North Mariposa Avenue, 1438 North Mariposa Avenue | Glen Scher, Sam Liberow, Max Gersht, Aida Memary Scher, Filip Niculete | Development Site | Sale

Summary

Sale

CALIFORNIA

Development Site

6,614 sqft

A development site in East Hollywood has been sold in a off-market transaction. The site is located at 5016 W Sunset Boulevard, 1442 N Mariposa Avenue, 1440 N Mariposa Avenue, and 1438 N Mariposa Avenue. This rare 4-lot assemblage spans 0.38 acres with a total of 16,741 square feet of land. The property is eligible for Tier 3 TOC (Transit Oriented Communities) and is located in an Opportunity Zone. The zoning designation for the site is LAC2.

Summary of transation details

Property Type: Development Site
Transaction Amount: $4,487,500
Square Footage: 6,614
Price per Square Foot: $678.49
Market: East Hollywood

The buyer of the property is Sunmar LLC. The deal was represented by brokers Sam Liberow, Max Gersht, Aida Memary, Filip Niculete, and Glen Scher of The Liberow Group and LA Apartment Advisors.

Players

All
6

Agents
5
Agencies
1

Glen Scher

Senior Vice President

$627.1M Sold

Sam Liberow

Senior Managing Director of Investments

$560.3M Sold

$63.4M Sold

$90.8M Sold

Senior Managing Director

$667.6M Sold

Marcus & Millichap

Details

Deal Summary

SOLD

IMAGE: Filip Niculete @fniculete, Glen Scher @scherglen, Aida Memary @idachiller, Sam Liberow @sam_liberow & Max Gersht @maximillian_realty DATE: 11/25/2019 ADDRESS: 5016 W Sunset Boulevard, 1442 N Mariposa Avenue, 1440 N Mariposa Avenue, 1438 N Mariposa Avenue MARKET: East Hollywood ASSET TYPE: Development Site PRICE: $4,487,500 SF: 6,614 PPSF: $678.49.49 BUYER: Sunmar LLC BROKERS: Sam Liberow, Max Gersht, Aida Memary, Filip Niculete, Glen Scher @theliberowgroup @laapartmentadvisors NOTES: • East Hollywood Location, • Tier 3 TOC Eligible, • Rare 4-Lot Assemblage, • Property Sold Off Market, • Opportunity Zone, • Lot Acres: 0.38, • Lot SF: 16,741, • Zoning: LAC2, • Price/SF Land: $268.05.05

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Address5016 West Sunset Boulevard, 1442 North Mariposa Avenue, 1440 North Mariposa Avenue, 1438 North Mariposa Avenue

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