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February 19, 2020
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Vacant Building near Cedars-Sinai Medical Center in L.A. Sells for $1,400/sf


A vacant, 5.1k sf building adjacent to Cedars-Sinai Medical Center in Los Angeles sold for $7.2 mil ($1,412/sf). The property is at 8741 Alden Drive, just off Robertson Blvd, and could be used for a variety of purposes, including medical, office, retail, and restaurant.

Built in 1947, the property is a unique stand-alone bow-truss building with great curb appeal. It was home to Chaya Restaurant for more than 30 years.

Recognized as a landmark location during the 80s, 90s and into the early 2000s, Chaya was host to the local celebrity crowd for cocktails and dinner offering French / Japanese cuisine. The Tsunoda family created this Los Angeles flagship and ultimately expanded with other concepts in Los Angeles. Since the closing of Chaya, the property struggled to find another restaurant operator to fill the space.

NKF’s Steven Salas and Daniel Chiprut represented the seller, a local family investment entity. The buyer is an undisclosed owner user who will use the space for new medical office.

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