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LOS ANGELES COMMERCIAL REAL ESTATE SALES FOR OCTOBER 2016

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

Sold


RETAIL | 328 ORANGE ST.

328 ORANGE ST ALT

SOLD AT $2,000,000 | GLENDALE | 6,700 SF

Great opportunity in the prime location of Glendale Business District! This free standing building is suitable for retail/office/warehouse. Very unique building that has retail in the front and warehouse in the back. A large bonus mezzanine is not part of the back square footage. Warehouse has a RAIL Loading for heavy items. Ground loading in the back with parking through back alley. Courtesy of Albania & Associates Realty and Wilshire Real Estate.


OFFICE | 1820 14TH ST.

1820 14TH ST ALT

SOLD AT $3,950,000 | SANTA MONICA | 5,208 SF

Amazing opportunity to purchase an office building investment consisting of 2 separate buildings with 5 suites- located in a fabulous Santa Monica location seconds to the Metro Expo Line! The property has been remodeled and re-tenanted over the last few years. The building is tenanted with short-term leases. Small user buildings with this location rarely become available. Ample surface parking for 6 cars sits between the buildings with entry off of the street and alley access! The site is a short distance to the fabulous restaurants & shops of Main Street, the Beach and Downtown Santa Monica as well as Santa Monica Business Park, and the new Metro Expo Line! Don’t miss out on this amazing investment opportunity! Perfect for investors and owner/user’s alike! Courtesy of Halton Pardee and Partners, Inc.


OFFICE LEASE | 1044 MAGNOLIA BLVD.

1044 MAGNOLIA BLVD ALT

LEASED AT $6,500/MONTH | NORTH HOLLYWOOD | 1,961 SF

Beautiful Private Dental Office with 3 Exam rooms with Plumbing in Place. 820 to 1961 square feet. Corner Lot on Magnolia Blvd. and Biloxi. Lab, waiting area, bathroom, and office spaces. Prime North Hollywood Location with Excellent viability and exposure, Heavy traffics counts. Courtesy of Coldwell Banker.


OFFICE LEASE | 579 NORTH LARCHMONT BLVD.578 NORTH LARCHMONT BLVD ALT

LEASED AT $1,595/MONTH | HANCOCK PARK | 500 SF

errific private office / flex space, located ON LARCHMONT BOULEVARD – moments from Larchmont Village and Paramount, and at the intersection of Hancock Park and the South Hollywood Studio District!!This flexible space would be perfect for a variety of uses including office, creative loft, studio or production space. The attached space with only one shared wall includes three in-line rooms, storage closet, full bathroom, and two private entrances. All finishes have been newly updated including flooring, paint, fixtures, recessed lights, etc. Approximately 500 sqft of total space. Includes one reserved, off-street parking spot. Tenant pays electric.Situated in and prominent location on Larchmont Boulevard, this space has a myriad of geographic advantages. At just $3.50 / sqft / month, this bargain will not last long! Courtesy of Hancock Homes Realty.


MULTIFAMILY | 510 SOUTH NORMANDIE AVE.

510 SOUTH NORMANDIE AVE ALT

SOLD AT $10,276,200 | KOREATOWN | 40 UNITS

40 unit apartment building in a prime Koreatown location. Building consists of single, one bedroom and two bedroom units, many of which have been renovated. Most of the units contain air-conditioning, granite or quartz countertops, hardwood floors & stainless steel appliances. Controlled access to the property with gated parking. Courtesy of Miller & Desatnik Realty Co.


MULTIFAMILY |2028 SOUTH BENTLEY AVE.

2028 SOUTH BENTLEY AVE ALT

SOLD AT $6,185,000 | WESTWOOD | 7 UNITS

Outstanding new construction contemporary building in prime Westwood/West LA location. The building consists of 7 spacious units and common recreation room with bathroom. Only 2 units per floor, each with windows on 3 sides and no common walls. Open kitchens with quartz counters, custom glass front cabinets, Grohe fixtures and stainless steel appliances. Master bathrooms with dual sinks and walk in showers. All units feature: tankless water heaters. Central HVAC. Laundry hookups. Pre-wired alarm systems. Recessed lights. Built out closets. Dual paned windows and doors. Balconies. All units are individually metered and come with 2 parking spaces. Cable and satellite ready. Courtesy of Nourmand & Associates and Ritz Properties, Inc.


MULTIFAMILY| 8730 HOLLOWAY DR.

8730 HOLLOWAY DR ALT

SOLD AT $6,000,000 | WEST HOLLYWOOD | 16 UNITS

16 units available in Prime West Hollywood. Beautiful spacious units with hardwood floors, mature landscaping, large 12,013 sqft lot, walking distance to Hollywood nightlife,and approximately 55% upside in rents! There are (2) separate lots with 8 units each and no on-site manager required. Courtesy of Concord Real Estate Service and Stasia America Properties, Inc.


MULTIFAMILY| 440 ROXBURY DR.

440 ROXBURY DR ALT

SOLD AT $5,550,000 | BEVERLY HILLS | 6 UNITS

Beautiful pride of ownership six unit complex located in the heart of Beverly Hills, directly across the street from Roxbury Park.The property features 5 spacious 2br/2 bath units of approx.1500 sq. feet, and one two story penthouse unit of approx. 3,000 sq. ft. The penthouse was designed by famed architect Frank Gehry, and added in 1984.It has wrap around decks with 360 degree city views. The five 2 Br. units have hardwood floors, granite counter tops, and in unit washer/dryers.10% yearly rent increase allowance per Beverly Hills rent control. Great owner user opportunity. Upside in rents! Bring offers! Courtesy of Coldwell Banker.


MULTIFAMILY | 9800 VIDOR DR.

9800 VIDOR DR ALT

SOLD AT $5,050,000 | BEVERLYWOOD | 8 UNITS

idor Place Apartments. Built in 1990 and not subject to rent control, the building has all the necessary accouterments of a luxury condo building, including gated subterranean parking with storage, an elevator, a security system, a common area garden and roof deck offering views of the Century City Skyline. The individual units are extra large and feature in-unit laundry, separate dining areas, balconies, and fireplaces. Some units also have wet bars, larger private balconies, skylights, and additional amenities. The building offers tremendous upside potential for a new Buyer to bring the Property up to super luxurious units and raise rents immediately. Furthermore, this asset has the final tract map already recorded with the City of Los Angeles for an eventual exit as condominiums. Courtesy of Los Angeles Commercial and Coldwell Banker.


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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