The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 8, 2019
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Single-Tenant Retail Property in L.A.’s Los Feliz Area Goes for $1,738/sf


A 2.2k sf, single-tenant property fully occupied by Ample Hills Creamery in L.A.’s Los Feliz neighborhood was acquired by a private investor for $3.825 mil ($1,738/sf). The store, which opened its doors in October 2018, marks the first West Coast location for the NYC-based ice cream retailer.

Located at 1824 Hillhurst Ave, at the corner with Russell Ave, the Craftsman-style property was originally built in 1915 as a single-family residence. It underwent an extensive renovation completed in 2018 with significant capital invested by both the seller and Ample Hills Creamery – as testimony to its long-term lease commitment to the space. The property features a 1.8k sf patio seating area.

Ara Rostamian, Patrick Luther and Matthew Mousavi with SRS’ National Net Lease Group represented the seller, a Los Angeles-based private investor. The buyer was repped by Sharon Carz of SVN. The transaction closed at a 5.17% cap rate.

“This is a unique property with a successful and expanding long-term tenant in the highly walkable Los Feliz neighborhood, which also has one of the highest barriers to entry in Los Angeles. The asset’s charm, layout and location received a huge amount of investor interest and offers,” noted Rostamian.

SRS tells us that at $1,735 per square foot, the property sold for one of the highest prices per square foot for retail transactions in the greater Hollywood/Silverlake market as well as one of the highest ever prices per foot for retail buildings built before the 1920s for all of Southern California, according to CoStar records.

Return to the Archive page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media