Another South Park Large Land Sale

Secured Properties is excited to announce another large land sale of approximately 41,000sf located at 1500-1534 S Figueroa Street in the heart of the famed South Park District of Downtown Los Angeles. The property was entitled for a high-rise condo project and close to foreclosure at the time Ryan Yatman and Jay Chu approached the Seller in an off-market sale. The developer intends to build a 250 unit multi residential high end market rate complex just south of the Staples Center and Kodak Theater. The sale closed in June 2012 for $13,600,000.

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