Here’s our list of August’s notable commercial sales.
RESTAURANT | 1036 GRAND AVE.
LEASED AT $18,750/MONTH | DOWNTOWN LOS ANGELES | 7,100 SF
Set in the heart of the thriving South Park neighborhood, this century-old freestanding former warehouse is ready for a restaurant operator to create the next great Downtown LA restaurant or bar. Boasting 25-foot vaulted ceilings, eye catching wood trusses, expansive skylights and the potential for an open airy floor plan, this restaurateur’s dream space sits just a few blocks from the Staples Center and La Live.The more than 15 residential and hospitality developments currently under construction in the immediate neighborhood will only add to the already robust market for dining the area. Plus the flexible 7,100 square foot space with a truck sized rear service door offers the opportunity toefficiently integrate Grand Avenue just south of Olympic Boulevard in the heart of South Park. Courtesy of Nelson Shelton Real Estate.
INDUSTRIAL | 5717 TUJUNGA AVE.
SOLD AT $1,126,000 | NORTH HOLLYWOOD | 2,870 SF
North of Burbank Blvd on West side of Tujunga. Courtesy of the John Aaroe Group.
RETAIL | 2014 NORTH SANTA FE AVE.
SOLD AT $1,600,000 | COMPTON | 14,565 SF
Great corner retail space in high visibility and high traffic area strip mall at intersection of Santa Fe and Pine. Surrounded by high density residential. Strip mall contains a liquor store, beauty salon, laundromat, and busy restaurant. Courtesy of Teles Properties, Inc.
LEASED AT $2,000/MONTH | DOWNTOWN LOS ANGELES | 884 SF
Newly Remodeled Historic Loft in the heart of the Arts District. High Ceiling. Lots of Windows and Light. Skylight. Modern Office Kitchen with Stainless Steel Appliances including Refrigerator. Contemporary, Large Bathroom with Beautiful Tile and Fixtures. Cement Floor. Call for Parking Availability. Walk to dozens of Shops and Restaurants. Two blocks to Grocery Store and Little Tokyo Mall. Courtesy of Realty Source Incorporated.
OFFICE | 1400 COLORADO BLVD. #100
SOLD AT $3,184/MONTH | EAGLE ROCK | 1,415 SF
First floor of a 2 story building. First floor consists of 6 offices, a reception desk, and a lobby. The upstairs offices are also available for lease with 4 offices and a reception area. Lease just one floor, or both. Vacant and ready for immediate use. Courtesy of Rodeo Realty, Inc.
MULTIFAMILY |925 MANZANITA ST.
The property includes four one-bedroom/one-bath, and one beautiful detached three-bedroom/one-and-a-half bath single family residence. Boasting a walk score of 92 (Walker’s Paradise), you’re steps away from Sunset Junction as well as a plethora of local dinning and shopping options, including Cafe Stella and Coffee Emporium Intelligentsia. Constructed in 1957 and tastefully renovated over the course of the current ownership, this is a tremendous acquisition opportunity for an investor to possibly owner/occupy a turn-key asset, as well as capitalize on demand for rentals in one of the top destination neighborhoods for the young professional and hipster crowds. Courtesy of Marcus & Millicap.
Price reduced to move quickly, Buyer failed to perform. Development opportunity, shovel ready, fully entitled in the heart of the Hollywood Boom! Hancock Park Adjacent, across the street for the Wilshire Country Club and Los Angeles Tennis Club. Pedistrian lifestyle in proximity to restaurants, bars, studios, parks and more. Designed by award winning Architecture firm based in West Hollywood, Tagfront Architecture. State of the Art Modern building & design. Six Unit building with subterranean parking. Building mix: Unit 1, 2bd & 2.5bth, 1595 SF single story: Unit 2, 3bd & 2.5bth 1957 SF two story: Unit 3, 3bd & 3bth 1910 SF single story: Unit 4, 3bd & 3bth 1910 SF single story: Unit 5, 3bd & 3bth 1910 SF single story: Unit 6 3bd & 3bth 1957 SF two story Penthouse. Roof top decks and private balconies off each unit. Maximum re sale value or high end luxury rents. Courtesy of John Aaroe Group.
MULTIFAMILY| 6640 LELAND WAY
SOLD AT $1,450,000 | HOLLYWOOD | 5 UNITS
Price REDUCTION!! Rare opportunity to own a 5 unit building in Hollywood, the entertainment capital of the world! This is a one-of-a-kind opportunity for owner-occupiers, first-time investors, builder/developers or 1031 Exchange clients seeking a shelter for their capital in an excellent area of Los Angeles. Enjoy the close proximity to the many retail, dining, shopping and sightseeing attractions that Hollywood living can offer – minutes from Hollywood & Highland, the Metro Red Line and the world-renowned nightlife of Sunset Blvd! Courtesy of Century 21 and Exit Real Estate Group.
We are pleased to offer for sale 707 Strand Street, located in the prime Ocean Park area of Santa Monica. The property is located just seven blocks from the beach and only minutes away from the most desirable and trendy retail, shopping and dining streets in the country, being Main Street, Rose Avenue, Ocean Front Walk and Abbot Kinney. Courtesy of Marcus & Millichap.
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.