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LOS ANGELES COMMERCIAL REAL ESTATE SALES FOR APRIL 2017

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

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MULTI-USE LEASE | 2225 HYPERION AVE. #B

2225 HYPERION AVE ALT

LEASED AT $4,275/MONTH | SILVERLAKE | 1,750 SF

Designed by noted architect Wes Jones and featured in multiple publications. One side of this duplex is for rent – the right is a 2/2 – 1750 square feet each, with 2-car off-street, gated parking. Lots of thrilling industrial details, and rear private back areas expand the living space. Ideal for live/work – creative space, legal, real estate, etc. Laundry hookups and full open-concept kitchens with brand-new appliances, including dishwashers. All tile floors, new paint and modern fixtures throughout. Courtesy of Brock Real Estate.


RETAIL/OFFICE | 2910 WEST MANCHESTER BLVD.

2910 WEST MANCHESTER BLVD alt

SOLD AT $525,000 | INGLEWOOD | 2,550 SF

Commercial Building with Duplex on lot. Package Deal (Com/Resl/MixUse) located near Crenshaw Bl. Duplex located in rear. Selling with tenants. Currently configured as 1 commercial building 2,550 sq ft office space (unit # 2910-2912)**Duplex sq ft not included in total (Units # 2908-2908 1/2). Com Building functions as 2 separate offices: (1) Salon/Barber Shop,(2) Office (formerly salon). Frontage facing Manchester where signalized intersection provides busy heavy traffic. Property benefits from excellent visibility, parking in both front & rear, plus eye-catching signage.Mile from the world’s Most Expensive Stadium Complex (Inglewood’s Revitalization Project) Rams, NFL Stadium, Metro Station, LAX. Approx 300-acres with a New Casino, 300-acres with a New Casino, 300 room Hotel, Movie Theater, Retail, 2,500 Residential Units, and 25 acres of public parks. Courtesy of Keller Williams.


INDUSTRIAL | 12918 SOUTH SPRING ST.

12918 SPRING ST ALT

SOLD AT $2,650,000 | COMPTON | 18,850 SF

Excellent Two Mfg Buildings In A Parcel Where Located In Los Angeles. Occupy Front Building And Collect Rental Income From The Rear Building Which Is Currently Leased Out. Ideal For Garment Manufacturing, Warehousing, Product Assembly, Distribution, And Many Possible Uses. Courtesy of City Compro Corp.


INDUSTRIAL| 1639 9TH ST.

1639 9TH ST ALT

SOLD AT $10,500,200 | SANTA MONICA | 13,780 SF

This is an incredible opportunity to own one of the last remaining large parcels of land in downtown Santa Monica. This property consists of 3 contiguous parcels: 1639, 1643 and 1649-9th street with over 29.000 square feet of land. Freeway adjacent, steps from the new expo line stations and located on a commercial cul-de-sac. Courtesy of John Aaroe Group and Industry Partners.


MULTIFAMILY | 1106 SOUTH FAIRFAX AVE.

1106 S FAIRFAX AVE alt

SOLD AT $4,400,000 | MIRACLE MILE | 19 UNITS

Great opportunity to own a 19 unit building on the West Side of Los Angeles. There is significant room for rent appreciation. Like most of Los Angeles, this property is covered under RSO for City of Los Angeles and under rent control. Current CAP rate 3.8% ProForma Cap Rate 5.6%.Good value add opportunity and nice size investment. Please do not disturb tenants. Courtesy of Century 21 Select.


MULTIFAMILY | 1260 WESTMORELAND AVE.

1260 WESTMORELAND AVE

SOLD AT $1,750,000 | SILVERLAKE | 5 UNITS

This sexy, charming 5 unit bungalow is located in one of the hottest rental markets in LA – Silver Lake. It is a 2 block walk to Sunset Junction which features restaurants, coffee houses, live music & more. It is also a short walk to Los Feliz Village, Von’s market and the the Vermont/Sunset Expo station. The individual bungalows include a 2BR/1BA house with a private patio & (4) 1BR/1BA cottages (one with a private yard). The courtyard has been neatly landscaped and and there is a new horizontal wood fence with secure entry. There is parking for 6 vehicles and individual meters for gas & electric. Two of the 1 BR cottages have been completely updated and were easily leased at $2,200 (w/yard) and $2,000 (no yard) respectively. The other two 1BR units are being re-modeled and will leased. Courtesy of Keller Williams and Pinnacle Referral Network.


MULTIFAMILY| 2429 CHEREMOYA AVE.

2429 CHEREMOYA AVE ALT

SOLD AT $2,295,000 | HOLLYWOOD HILLS | 7 UNITS

Cheremoya Avenue is an eight (8) unit apartment building with one (1) non-conforming unit constructed in 1962. The unit mix consists of one (1) 1bed+1bath, three (3) 2bed+1bath, three (3) 2bed+1.5 baths, and one (1) non-conforming studio. The property is a two-story, 5,193 square foot walk-up building with wood frame and stucco construction situated on a 5,391 square foot lot. The two (2) bedroom + one and a half (1.5) bath units have a half bath in the master bedroom and private patios accessible from kitchen and master bedroom. Laundry on-site. One parking space per legal unit. Courtesy of Transwestern Property Company West.


MULTIFAMILY| 5951 SMILEY DR.

5951 SMILEY DR ALT

SOLD AT $1,955,000| CULVER CITY | 4 UNITS

he Smiley Villas is a well located, non rent-controlled 4 unit multifamily asset. Nestled in a cul-de-sac within the hip and trendy neighborhood of the Culver City Arts District, the property consists of a great unit mix of all spacious two bedroom one bathroom apartment homes. Excellent owner-user opportunity. Courtesy of Nai Capital, Inc. and John Aaroe Group.


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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