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2/03/16
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A vacant two-story, 6k sf office property in downtown Los Angeles sold for $2.45 mil, or $408/sf. The buyer, Rancho Gomez Investments, will use the property for its legal practice.
Located at 1137 to 1141 W. 6th St, west of the 110 Fwy and a block north of Wilshire Blvd, the property features gated parking with 12 stalls. The property, which provides convenient access to the 110, 5, and 101 freeways, is surrounded by new development and is across the street from Good Samaritan Hospital.
John Anthony, Chris Steck, and Chris Giordano of Charles Dunn Company represented the seller, a family trust from Los Angeles. The buyer was repped by Tim Dwight of Colliers.
“This was a rare opportunity for a small owner/user building just west of the heart of Downtown Los Angeles,” said Anthony. “As this market continues to strengthen, we anticipate seeing less and less small building assets becoming available for users.”
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