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LOS ANGELES – A 1.42-acre multifamily development site in Downtown Los Angeles has sold to an unnamed buyer for $6.8 million. The site is located at the junction of Chavez Ravine and Stadium Way. The buyer has the potential to develop 150 to 200 apartments on the site. The seller, Chavez Realty Development, was represented by Lynwood Fields and Bob Pearson of Madison Partners.