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11/16/22
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A 14.3k sf office property in the South Robertson neighborhood of Los Angeles was purchased for $6 mil ($420) by a non-profit user. The unique property includes two adjacent parcels of land at 1818 and 1824 South Robertson Blvd, south of Pico Blvd.
The buildings were constructed separately and then connected by a previous owner. The space has undergone renovations throughout including a large rooftop deck at 1818 Robertson with expansive views of the city and Hollywood Sign.
The location of the property served as a significant selling point. It is situated between the Beverlywood, Crestview and La Cienega Heights area — offering a mix of urban and suburban surroundings with nearby retailers, restaurants, and parks.
Kidder Mathews’ Tanel Harunzade, Darrell Levonian, Brittney McCarthy and Michael Daniels represented the seller, a private LLC.
“Raising interest rates impacted the financing, but the market fundamentals of well-located real estate created demand from multiple buyers seeking to use the property,” said Harunzade.
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