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
  • OM@MaherCR.com
  • MaherCR.com
Jeremy Shore

Jeremy Shore

Senior Investment Associate

  • 310-464-1453
  • JS@MaherCR.com
  • MaherCR.com

More Properties


Land

3755 Beverly Blvd. | 311 N. Juanita Ave. | 315 N. Juanita Ave., Los Angeles, CA 90004

3755 Beverly Blvd., Los Angeles, CA 90004, USA


Office

1715 14th Street, Santa Monica, CA 90404

1715 14th Street, Santa Monica, CA 90404


Office

2839 S Robertson Blvd, Los Angeles, CA 90034

2839 S Robertson Blvd, Los Angeles, CA 90034