10843-10849 Hartsook Street Los Angeles, CA 91601
Nine-Townhome Development in Mid-Construction
SOLD: $3,150,000 PRICE PER SQUARE FOOT: $198
We are pleased to announce the sale of 10843 and 10849 Hartsook St a nine townhome development sold in mid construction to a new developer for completion. The property sold for $3,150,000 reflecting a $198 price per square foot across 15,912 square feet of improvements and a total land area of 13,534 square feet.
The project consists of nine modern townhome units all designed as 3 bedroom 3.5 bathroom residences ranging from approximately 1,500 to 2,000 square feet. Each unit features a private two car garage creating strong end user and long term rental appeal.
The asset is located on a quiet street at the intersection of Hartsook St and Cleon Ave with easy access to the North Hollywood Arts District and its renowned dining shopping and entertainment options. The buyer closed all cash and the transaction demonstrates strong demand for partially completed development opportunities in high growth submarkets.
David Saghian represented both the buyer and the seller in this transaction and the property was sold incomplete to a developer positioned to bring the project through final completion.
Investment Highlights
Nine townhome development sold in mid construction to a new developer for completion
Purchase price of $3,150,000 reflecting $198 per square foot across 15,912 square feet of building area
Total of 9 units situated on a combined 13,534 square foot land parcel
Each unit designed as a 3 bedroom 3.5 bathroom townhome ranging from approximately 1,500 to 2,000 square feet
All units feature private 2 car garages enhancing end user appeal
Located on a quiet street near Hartsook St and Cleon Ave with easy access to the North Hollywood Arts District
Strong proximity to dining shopping and entertainment amenities
All cash transaction
Buyer and seller represented by David Saghian
Exclusively Listed & Sold By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com