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November 20, 2019
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LOS ANGELES COUNTY NEWS
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Office Building on Los Angeles’ Westside Sells for $700/sf

4/30/19

A 16.9k sf, jewel box boutique office, legal, and medical building in West Los Angeles sold for $11.9 mil ($704/sf). The property is located at 864 South Robertson Blvd, just north of Olympic Blvd near Beverly Hills.

Fully renovated and upgraded in 2018 by Optimus Properties, 864 South Robertson Boulevard features a brand new lobby along with new façade, bathrooms, elevator cab finishes, LED lighting, flooring, and access security system. The property, at 100% occupied, has a very stable and conservative tenant mix with general office and medical tenants.

Steven Salas, Daniel Chiprut and Britney Kagawa with Newmark Knight Frank represented the seller, an affiliate of Optimus Properties LLC. The buyer was AHO LLC.

“With a shortage of investment product on the Westside, we continue to see a strong demand for quality office and medical investments,” said Chiprut.





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