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LOS ANGELES COMMERCIAL REAL ESTATE SALES FOR MARCH 2016

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

Sold


MIXED-USE | 3339 JACK NORTHROP AVE.

3339 JACK NORTHROP AVE ALT

SOLD AT $3,275,000 | HAWTHORNE | 11, 963 SF

Maximum Flexibility In the Heart of Hawthorne – A great office/warehouse/flex space in a gated and secure business center located next to the Hawthorne airport. With easy access to public transportation, LAX, and the 105, 405, 110 and 91 Freeways, this space is convenient to West LA, Downtown LA, and the South Bay. The property offers amazing flexibility in terms of use and an impressive roster of neighbors, including SpaceX and Tesla as well as food and garment-industry manufacturers. Property includes a warehouse space with 24-foot clearance, a roll-up door with secure, fenced-in loading zone, ground-level and second-story offices, a kitchenette, bathroom, and 21 parking spots, some in a private fenced-in area. With the hi-tech industry booming in LA (Silicon Beach), this is the perfect time to invest in this great property. Courtesy of Keller Williams & JFA Real Estate Services LLC.


MULTIFAMILY | 3616 10TH AVE.

3616 10TH AVE ALT

SOLD AT $550,000 | MID LOS ANGELES | 12 UNITS

This a spacious 12 bedroom, 5 bath home that was being used as a nursing home. There are many possibilities here for multi-family use or could be divided into 3 large separate living quarters, can also be used as a group home, sober living house and more. The property is completely fencedwith a 2 car garage and carport in the back. Walking distance to Metro and USC adjacent. Close to shopping, restaurants and public transportation. Courtesy of Remax Estate Properties and Berkshire Hathaway.


MULTIFAMILY | 1163 NORTH POINSETTIA PL.

1163 NORTH POINSETTIA PL ALT

SOLD AT $1,590,000 | WEST HOLLYWOOD| 2 UNITS

This West Hollywood Duplex from the twenties is twice as nice in 2016. Brand new from the studs out, this beautifully redesigned property is packed with modern amenities and upgraded features—yet it preserves the look of the original facade as a tribute to the charm of this vibrant community celebrating 30 years of independence. Enjoy pure comfort in this designer, side by side, multi-level duplex where each unit offers 2 bedrooms 2 bathrooms in approximately 1,100 square feet of living space with finishes to give each unit its own identity. Walk into a sunny living area with a seamless transition into an amenity-rich custom kitchen with tall white Shaker Cabinetry, Quartz Counters, Kholer Faucet, Calcutta Herringbone, or a Calcutta Mosaic backsplash. The main level also features one bedroom, a custom ¾ bath and laundry closet. Upstairs, the master suite opens to a breezy private balcony and offers a full private bath outfitted with Kholer fixtures, Carrara tile, and or Ice Blue Marble. Each unit has a long private driveway that leads to an oversized one car garage, carport, and landscaped backyard. The tree-lined streets make walking to nearby boutiques, trendy restaurants, and eclectic galleries a pleasure. Courtesy of Keller Williams.


MULTIFAMILY | 129 BROOKS AVE

129 BROOKS AVE ALT

SOLD AT $1,630,000 | VENICE | 2 UNITS

Just steps from the sand, this Venice beach duplex is in a prime location across the street from Abbot Kinney. The split-level floorplan with 1907 Craftsman charm is rental-ready. Tons of upside potential! The first level features 2 beds, 1 bath with hardwood floors and cheerful details throughout, such as a brick mantle, formal dinning room, and wood-paneling, and built in storage solutions. The large sunroom off the front porch is filled with natural light. The upstairs unit provides great income potential with three separate rooms each having their own bathroom and kitchenette. The flexible setup has live/rent potential for vacation, long-term, or short-term stays. Onsite laundry hookups are located in the basement and three car parking off the rear alley. Central to the ocean, Abbot Kinney, Rose Corridor, Santa Monica & Marina del Rey,this beautiful home offers a variety of opportunities andis sure to attract those in search of quintessential Venice living! Courtesy of Pardee Properties, Inc.


MULTIFAMILY | 110 SOUTH ORLANDO AVE.

110 S ORLANDO AVE ALT

SOLD AT $2,200,000 | LOS ANGELES | 2 UNITS

Sold before processing. Nestled between 1st and 3rd Streets just a couple of blocks from the Beverly Center and many dining spots on 3rd Street, 110 S. Orlando Avenue represent ideal owner/user or redevelopment opportunities. Property to be delivered vacant. Courtesy of Architecture 8, Inc.


MULTIFAMILY| 464 NORTH GARDNER ST.

464 N GARDER ST ALT

SOLD AT $2,050,000 | FAIRFAX DISTRICT | 4 UNITS

Rare pride of ownership character Spanish fourplex right near The Grove! Sited on a quiet central corner and surrounded by windows for abundant natural light! Recent upgrades include new horizontal and vertical copper pipes, electrical upgrade and rewiring, exterior paint, Spanish tile roof in 2010. Unit mix includes 2 units with 3 beds/2 baths and 2 units with 2 beds/1 bath. Laundry room in each unit. Spectacular period details and generous open floor plans. 5 single car garages plus additional open parking spaces. Extra storage room in basement. Trophy property. Courtesy of Keller Williams.


MULTIFAMILY | 2210 PACIFIC AVE.

2210 PACIFIC AVE ALT

SOLD AT $2,050,000 | VENICE | 4 UNITS

Completely remodeled 4 unit building. All units will be delivered empty. Great location 2 blocks from venice beach & across the street from the venice canals. Short walk to Abbot Kinney. Legal 4-plex with covered parking. All units are 1 bedroom 1 bathroom. Great looking, bright and ready for long or short term rentals like airb&b. Live in owner’s unit, rent a unit long term and the others as vacation rentals. This property offers many options. New kitchen cabinets with solid surface counter tops, new appliances, fixtures, new redwood deck, new windows and doors, new tankless hot water heaters & remodeled bathrooms. Easy to show. Courtesy of Remax Estate Properties.


MULTIFAMILY | 3109 STRONGS DR.

3109 STRONGS DR ALT

SOLD AT $2,424,000 | VENICE | 4 UNITS

Extensively remodeled duplex facing the Grand Canal and just two blocks from the beach! The upstairs unit is a 3 bedroom, 2 bathroom with private sun deck and backyard. The downstairs unit is a 2bedroom, 2bathroom with a balcony & private deck. Both units are town-home style and have been brilliantly redesigned & remodeled with high-end finishes throughout, including white oak floors, LED lighting, central air and heat, stainless steel appliances, custom European cabinets, quartz counter-tops, two bio-ethanol fireplaces and much more. Building offers 4 car attached garage and separate laundry room. Both units will be delivered vacant and this property is NOT rent controlled This is an amazing opportunity for an owner-user looking to live in one and rent out the other, or, turn one in to a luxurious home office! Location, Location, Location. Minutes from the beach, Canals, Abbot Kinney Blvd, Pier and everything Venice and Marina Del Rey have to offer. Courtesy of Keller Williams.


MULTIFAMILY | 3647-3653 EMPIRE DR.

3647 EMPIRE DR ALT

SOLD AT $4,650,000 | PALMS | 12 UNITS

The Empire Apartments are two 6 unit buildings that can be purchased together or separately. Each building has (1) 1BR/1.5BA and (5) 2BR/1.75BA units, dishwashers, fireplaces, ceiling fans, wall a/c, laundry facilities, balconies, gated entry and covered parking. Courtesy of Morgan Skenderian.


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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