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LOS ANGELES COMMERCIAL REAL ESTATE SALES FOR APRIL 2016

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Here’s our list of April’s notable commercial sales.

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MULTIFAMILY | 1039 SANBORN AVE.

1037 SANBORN AVE ALT

SOLD AT $1,456,000 | SILVERLAKE | 6 UNITS

Pride of ownership Mid Century six unit building in hot Silver Lake location and a block away from famed Sunset Junction. Great unit mix: 2-2 brs and 4-1 brs. All units have hardwood floors and many original details. Second floor apartments have views. Building was recently painted, has updated electrical service, and eight years old roof. Open parking area in the back. Solid investment with huge upside in rents. Courtesy of ACM Properties.


MULTIFAMILY | 7465 OAKWOOD AVE.

7465 OAKWOOD AVE ALT

SOLD AT $2,151,000 | MIRACLE MILE | 5 UNITS

Gorgeous 1929 Spanish 5-plex on the corner of Oakwood and Gardner. Just blocks from the Grove. Family owned for many years, this is a Trust/Probate sale not subject to court approval. All 5 units rented well below market rents. The building fronting Gardner is a huge, 5,806 sq ft 4-plex, consisting of 4 virtually identical 1,400 sq ft 2 bedroom units, each with large formal dining rooms, laundry rooms, hardwood floors, central A/C and lots of circa 1929 architecture throughout. One unit has a second bathroom. The 5th unit fronts Oakwood Avenue above the 4 car garage, in a completely private and separate building. This unit is approximately 1,800 + sq ft, consisting of 3 bedrooms, 2 baths, office/family room, laundry, formal dining, A/C and again, lots of 1929 character and charm. Separately metered for gas and electricity, with each unit having its own water heater. Note total sqft of 7,616/assessor. Courtesy of Berkshire Hathaway, Keller Williams, and The Oppenheim Group.


MULTIFAMILY | 536 NORTH WESTMORELAND AVE.

536 N WESTMORELAND AVE ALT

SOLD AT $2,050,000 | LOS ANGELES | 8 UNITS

No Rent Control!! 8 Studio UnitsBrand New Building with latest contemporary style and equipment. Built-ins, Refrigerator, washer and dryer combo in each unit. Tenant pays for Water, Gas, Electricity, and Trash. Parking lift, Electric Vehicle Charge Station Hook up ready, Security Cameras, Automatic Gate, and more. Located at Perfect location, minutes from Down-Town LA, Hollywood, Sunset Junction, and Mid-Wilshire.Hippest and Coolest eateries nearby~Blocks from LA City College and Nursing schools. Courtesy of Dream Realty Asset MGT, INC. and New Star Realty & Investment.


MULTIFAMILY | 1745 NORTH MARIPOSA AVE.1745 N MARIPOSA AVE ALT

SOLD AT $2,475,000 | LOS FELIZ | 6 UNITS

Outstanding Mid-Century Property with distinctive architectural details. Turn key top quality building that needs nothing. From roof to crawl space. This is Squeaky Clean. Copper plumbing, Romex style wiring, New circuit breakers, New roof down to the framing, 5 of 6 units have central heat & air, 5 of 6 units have laundry inside their units. White Oak flooring, New sewer line under building, new drains, No Visible Wear Anywhere On or In Property! This looks and behaves like a new building inside and out! Quality tenants! One unit has a $600/month upside potential. Fantastic walking Los Feliz neighborhood.  Courtesy of Barbano Realty and Marcus & Millichap.


MULTIFAMILY | 3614  MOTOR AVE.

3614 MOTOR AVE ALT

SOLD AT $7,800,000 | PALMS | 20 UNITS

Built in 2006, this newer building is ideally located on the Westside and features 20 spacious townhouse style units, ranging between 1-2 bedrooms with 1 studio. A renter’s paradise – all units contain a private rooftop terrace, stainless steel appliances, hardwood floors, central AC/Heat, and washer/dryer in the unit. There are six 1 bedroom, 1.5 bathroom units, one 1 bedroom + loft, twelve 2 bedroom, 2.5 bathroom units, and one studio. The gated parking garage boasts 35 private spaces. All units have 2 assigned parking spaces except for 5 which have one space each. Perfectly located in Palms/Mar Vista close to Sony Studios, downtown Culver City, and convenient access to the 10 and 405 freeways as well as the Palms/National Expo Line stop which is slated to open in May. Strong rental demand and no rent control. Don’t miss out on this incredible opportunity! Drive by only. Courtesy of John Aaroe Group and Keller Williams.


MULTIFAMILY| 328 SOUTH REXFORD DR.

328 S REXFORD DR. ALT

SOLD AT $3,600,000 | BEVERLY HILLS | 8 UNITS

Prime Beverly Hills location. Significant upside potential in rents. Good unit mix with one 2+2 and one 1+1 being delivered vacant. 8 covered parking spaces. Conveniently located to Rodeo & Beverly Drive restaurants and shops. All units are BH Chapter 6 with allowable 10% annual increases. Units 1&2 (former owner’s unit) have been converted into a 2+Den w/3bathrooms. Buyer to verify all information. Courtesy of Teles Properties, Inc.


MULTIFAMILY |1806 MONTANA ST.

1806 MONTANA ST ALT

SOLD AT $3,050,000 | ECHO PARK | 6 UNITS

We are pleased to announce the sale of The Montana Bungalows. This beautiful 6-unit community of creative types (writers, musicians, artists, and filmmakers) is located in the highly desirable neighborhood of Echo Park. This is a rare chance to own a renovated and released multifamily property on the Eastside. Tenants are walking distance to the neighborhood’s many popular restaurants and shops, and only a few minutes from Downtown LA and Silver Lake. The Montana Bungalows is a community comprised of five structures (four separate dwellings and one carport) totaling over 6,000 square feet of living space, with 11 beds and 7 baths. Rare for the area, the community sits on two legally adjacent parcels and over 14,000 square feet of land. Thoughtfully renovated in 2015, the classic California Craftsman bungalow architecture has been invigorated, while the interiors have been transformed into bright, open and sleek homes for modern day living. Courtesy of Keller Williams.


MULTIFAMILY | 1325 INGRAHAM ST.

1325 INGRAHAM ST ALT

SOLD AT $2,800,000 | DOWNTOWN LOS ANGELES | 24 UNITS

Great Downtown West location. Close to 7th & Figueroa /Mall & Subway Station/Staple Center LA Live. Separate Meters/ New Electrical SystemNew Hardwood Floors/ 6 units 1 Bed+1 Bath 18 studios with walk in closet full Bath and kitchen. Courtesy of Keller Williams.


RETAIL| 10375 WASHINGTON BLVD.

10375 WASHINGTON BLVD ALT

SOLD AT $12,750,000 | CULVER CITY

Prime location in the heart of Downtown Culver city. Courtesy of Exclusive Listing.


For more information on these properties or similar ones, please feel free to contact us anytime.

PLG Estates, an independent member broker does not guarantee the accuracy of information provided. Buyer is advised to independently verify the accuracy of all information. Broker / Agent providing information may or may not have been the listing and/or selling Agent.

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