Here’s our list of March’s notable commercial sales.
OFFICE | 1626 WESTWOOD BLVD.
SOLD AT $2,300,000 | WESTWOOD | 2,875 SF
Attractive, modern style architectural office building located in a highly desirable area of Westwood for both owner/users as well as investors. 2,565 SF of office space on the first floor and 310 SF break room/kitchen/bathroom on 2nd, for a total building size of 2,875 (310 feet of upstairs space is unaccounted for per title). The building is filled with natural light from its many architecturally stylish skylights, windows and sliding glass doors leading out to private patios or gardens from all 6 private office suites. All office suites have their own waiting rooms and all are soundproofed. Most have skylights. The building is also served with convenient 8-car parking which is accessed from an alley in the rear and provides direct access to the building. Courtesy of Coldwell Banker.
MULTIFAMILY | 4127 CUMBERLAND AVE.
SOLD AT $1,400,000 | LOS FELIZ | 4 UNITS
Seldom does an investment property of this caliber hit the market with 2 units vacant. Located at the foot of the Franklin Hills and in close proximity to Silver Lake and Los Feliz Village, this 4-plex offers access to all that the area has to offer. The front building is a duplex consisting of two large 2 bed 1 bath units, both of which are currently occupied. The rear building will be delivered vacant and consists of a 1 bed 1 bath unit above the 3 garages and a studio. The upside potential for this property is excellent given the strong rental market in the area. The property has been very well maintained, and offers plenty of character and charm. Courtesy of Coldwell Banker and Remax.
MULTIFAMILY | 1658 REDESDALE AVE.
SOLD AT $1,400,000 | SILVERLAKE | 2 UNITS
North of Sunset Blvd, west of Silver Lake Blvd. Courtesy of Compass.
MULTIFAMILY | 859 SOUTH NEW HAMPSHIRE AVE.
SOLD AT $2,150,000 | KOREATOWN | 20 UNITS
Excellent Koreatown Location; First Time on the Market, Family-Owned, Well-Maintained 1920s Character Building; Significant Rental Upside; Potential for Increased Income by Adding Coin-Op Laundry Machines in Basement; Separately-Metered for Gas & Electricity; New 100-Gallon Water Heater and New 100-Gallon How Water Storage Tank; Upgraded Kitchens and Baths in 17 of 20 Units. Courtesy of Remax.
MULTIFAMILY | 854 ALANDALE AVE.
SOLD AT $1,615,200 | MIRACLE MILE | 3 UNITS
Huge price reduction on this newly rennovated triplex in heart of miracle mile on one of best streets. Bring offers now, wont last! Perfect 1st deal for investor or owner/user. Best cap rate available in a great area, north of 4%! Courtesy of Marcus & Millichap and PSL Realty.
MULTIFAMILY | 106 PALOMA AVE
Completely renovated duplex steps from the sand! Situated on a Charming walk street between Main St. and Ocean, this fantastic property would be the perfect opportunity for rental units or an owner/ occupier who loves the beach life and wants some rental income. Top of the line finishes furnish both units and current owners did all of the hard work for you with exquisite taste and attention to detail. New electrical, plumbing, heating, kitchens, baths, gutters, deck, instant hot water heaters, outdoor landscaping…and more! Sellers are open to selling with all furnishing. This would make the PERFECT short term rental property. Delivered vacant so you can get top dollar rent right away, above rents are pro forma. Washer/Dryer/Mounted TV’s will be excluded from sale, tv brackets will convey. Courtesy of Halton Pardee and Partners, Inc.
Every once in a while an extraordinary property comes on the market and this duplex is that property. Located on a one way, quiet tree lined street, two blocks from vibrant downtown Culver City and walking or biking distance to the art district, studios, the Metro, and Linwood Howe Elementary and Pre-School (up the street), this amazing opportunity consists of a private 1,831sf main home + a private 927sf rear home + sep art studio + garage on a large lot. The main home enjoys 2 large bedrooms, 1.5 baths, living, family, and dining rooms, fireplace, classic details & lots of light throughout, a beautifully landscaped front yard and a charming rear patio garden. The rear home enjoys 2 beds, 1bath, den, w/d & private yard and separate access for parking. This meticulously maintained property is ready for its new owner who will embrace the lifestyle this type of property and this location offers. Property delivered vacant. No rent control in CC. Parking for 5 cars. Courtesy of Valnes Bell Realtors.
MULTIFAMILY| 1136 SOUTH HAYWORTH AVE.
SOLD AT $1,807,500 | MIRACLE MILE | 2 UNITS
Back on the market; buyer backed out before conducting inspections. Great opportunity to own one of the most beautiful duplexes in Carthay Square. Strong rents and cash-flow. Easy freeway access, close to incoming metro Purple line. Recently-updated 3-bedroom units each with over 1,700 sq.ft. of living space. Fully occupied with month-to-month tenants. Both units boast spacious living, dining and breakfast rooms, original hardwood floors, central heat and A/C, plus garage parking. Kitchens have designer updates including quartz counter tops, large single-basin sinks and stainless steel appliances. Designer paint and lighting throughout both units, each with their own in-unit laundry and tons of storage. Upstairs has an extra bathroom. Downstairs has a charming front patio, and both apartments share a fully-enclosed backyard and BBQ area. Pride of ownership property with lush landscaping, brand new water heaters, and freshly-trimmed trees. Please do not disturb occupants. Courtesy of Deasy Penner & Partners.
This unique project offers a brand new construction, detached 2-story front house with 2 car garage. The front house has 3 bedrooms, a den that could be used as an addiitonal bedroom, 4 bathrooms, vaulted ceilings, a private master patio, and a 250 sq ft rooftop terrace. On the back half of the lot there is a new construction duplex, each unit with 2.5 car garages, 3 bedrooms and 3 baths. All three units are finished with high quality materials, private laundry rooms, private patios, spacious open floor plans and all kitchen appliances. They are equipped with separate meters for water, gas and electricity and a fourth electric and water meter for the owner’s common areas, which include exterior lighting and landscape irrigation. Courtesy of Citivest and Uniti Realty.
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.