Description

Sale Price: $6,400,000
Building GLA: 12,662 SF
Land Area: 19,662 SF
Commercial Units: 5
Residential Units: 5

The property was sold to a locally based family office in a 1031 exchange, Maher Commercial Realty tenaciously represented the Seller, allowing no price concessions once escrow was opened, selling the property at 98% of the list price.

Prior to the sale, Maher Commercial Realty stabilized the property by filling two retail vacancies with established internet resistant tenants. This allowed the property to appeal to a wide range of Buyers, who could add value to the multifamily portion of the property with piece of mind that the retail was filled in a difficult COVID leasing environment.


12662
Area Sq-ft

Property ID

4473-4481 Santa Monica_Sale

Property Type

Retail

Area

12662 Sq-ft

Built in

1920

Status

Sold

Price

$6,400,000.00

Additional Features

N

los angeles investment property

N

los angeles retail for sale

N

maher commercial realty


Agents

Oron Maher

Oron Maher

Director Broker

  • (310) 464-1453
  • Oron@MaherCR.com
  • MaherCR.com
Jeremy Shore

Jeremy Shore

Senior Investment Associate

  • 310-464-1456
  • Jeremy@MaherCR.com
  • MaherCR.com

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