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5554-5560 Klump Avenue

The Development Site property located in Los Angeles that spans 76,800 square feet sold for $5,400,000 or $70 PPSF. The deal closed 1 month and 19 days ago. The brokers of the deal were Filip Niculete, Glen Scher and Jonathan Erster

  • Location image 5554 Klump Avenue, North Hollywood, California 91601, United States
  • Sold Value
    image $5,400,000
    image $70
  • Asset Type image Development Site
  • Area image 76,800 SF
  • Parties image3 Brokers,1 Agency
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Filip Niculete icon

Marcus & Millichap
  • Deals 141
  • Volume $596,250,000
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Glen Scher icon

Marcus & Millichap
  • Deals 136
  • Volume $555,740,000
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Jonathan Erster

Marcus & Millichap
  • Deals 11
  • Volume $100,060,000
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Comparables: 5554-5560 Klump Avenue

Showing 4 of 23

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Price Icon $5,300,000

  • StatusSOLD, $196 PPSF
  • Date06/09/22
  • Address10605 Eastborne Avenue, Los Angeles, California 90024, United States
  • Address10605 Eastborne...
  • AssetDEVELOPMENT SITE
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Price Icon $5,000,000

  • StatusSOLD, $196 PPSF
  • Date03/16/22
  • Address4310 Monterey Road, San Jose, California 95111, United States
  • Address4310 Monterey...
  • AssetDEVELOPMENT SITE
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Price Icon $4,995,000

  • StatusSOLD, $175 PPSF
  • Date01/27/22
  • Address1110 South Spaulding Avenue, Los Angeles, CA 90019
  • Address1110 South...
  • AssetDEVELOPMENT SITE
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Price Icon $5,700,000

  • StatusSOLD, $155 PPSF
  • Date11/24/21
  • Address1557 South Orange Grove Avenue, Los Angeles, California 90019, United States
  • Address1557 South...
  • AssetDEVELOPMENT SITE
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This Deal on Social

SALE
IMAGE: Glen Scher, Filip Niculete & Jonathan Erster
DATE: 08/08/2022
ADDRESS: 5554-5560 Klump Ave.
MARKET: North Hollywood
ASSET TYPE: Deveploment Site

BUYER: Shlomi Assis
SELLER: Shlomo Orlovich
BROKERS: Filip Niculete (@FNiculete), Glen Scher (@ScherGlen) & Jonathan Erster (@ErsterJ) (LAAA Team) (@LAAATeam) – Marcus & Millichap (@MarcusMillichapLosAngeles)

SALE PRICE: $5,400,000
BSF: 76,800 ~ PPBSF: $70

NOTE FROM BROKER: 0.5 Acre Triple-Lot. NoHo Arts District Closed All Cash. Full List Price Opportunity Zone Fund Buyer Sold Unentitled & with 12 RSO Units Ideal Zoning & Incentives C2 & R4 with TOC Tier 3 & in Opportunity Zone Can Build up to 96 Units Sold at $5,400,000 $248.15 per Land-SqFt $100k per Buildable (By-Right) $56k per Buildable (with Bonus)

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SALE
IMAGE: Glen Scher, Filip Niculete & Jonathan Erster
DATE: 08/08/2022
ADDRESS: 5554-5560 Klump Ave.
MARKET: North Hollywood
ASSET TYPE: Deveploment Site

BUYER: Shlomi Assis
SELLER: Shlomo Orlovich
BROKERS: Filip Niculete (@FNiculete), Glen Scher (@ScherGlen) & Jonathan Erster (@ErsterJ) (LAAA Team) (@LAAATeam) – Marcus & Millichap (@MarcusMillichapLosAngeles)

SALE PRICE: $5,400,000
BSF: 76,800 ~ PPBSF: $70

NOTE FROM BROKER: 0.5 Acre Triple-Lot. NoHo Arts District Closed All Cash. Full List Price Opportunity Zone Fund Buyer Sold Unentitled & with 12 RSO Units Ideal Zoning & Incentives C2 & R4 with TOC Tier 3 & in Opportunity Zone Can Build up to 96 Units Sold at $5,400,000 $248.15 per Land-SqFt $100k per Buildable (By-Right) $56k per Buildable (with Bonus)

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Contact Filip Niculete

"Upon graduating from San Diego State University, Filip began his career in finance as a financial advisor. In 2011 he...

"Glen Scher is a senior associate at Marcus & Millichap’s Encino, California office. Glen specializes in the acquisition and disposition...

Jonathan Erster joined Marcus & Millichap in 2013. Jonathan and his highly qualified team of commercial real estate investment specialists...

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