|
• L.A. Medical Center Wins Multi-Million Dollar Tax Dispute with LA County Assessor
11/15/23
A Los Angeles County hospital, committed to serving the city's homeless and disadvantaged communities, has won a significant multi-million dollar tax dispute with the LA County Assessor's office.
In 2019, LA Downtown Medi...
|
• Escondido Apartment Comp Works Out to $282k/Unit
11/14/23
In a recent multifamily sales comp out of San Diego County, a five-unit multifamily property in Escondido was purchased by a private investor for $1.41 mil ($282k/unit). Built in 1981, the property sits on 0.17 acres at 419 W...
|
• First Retail Tenants at New Hollywood Park Mixed-Use Campus Project Have Opened their Doors
11/14/23
Development of Hollywood Park, a nearly 300-acre, world-class sports and entertainment destination in the city of Inglewood being built by Los Angeles Rams Owner/Chairman E. Stanley Kroenke, is well underway. According to sou...
|
• Private Investor Pays $344k/Unit for Apartment Property in L.A.’s Hancock Park
11/13/23
An eight-unit apartment property in Los Angeles’ Hancock Park area sold for $2.75 mil ($344k/unit). The asset traded at a cap rate of 4.30% and a gross rent multiplier of 14.79.
Built in 1938, the value-add property is locat...
|
• Owner/User Spends $4.24 Mil on Industrial Building in Vista
11/13/23
A 15k sf, freestanding industrial building in Vista sold for $4.24 mil, or $283/sf. The structure sits on 2.09 acres at 2440 Grand Ave, south of Hwy 78 just off of Sycamore Ave.
The buyer, 2440 Grand LLC, will use the build...
|
• West Hollywood Apartment Property Trades at 4.85% Cap Rate
11/10/23
A 12-unit apartment property in the Tri-West submarket of West Hollywood sold for $3.95 mil ($329k/unit). The property, located at 8514 Sherwood Dr, traded at a cap rate is 4.85% and a gross rent multiplier of 14.38.
Built i...
|
• Inland Empire Multifamily Works Out to $182k/Unit
11/09/23
In an Inland Empire multifamily comp, Bevia Apartments, a 48-unit property in Moreno Valley, traded for $8.72 mil ($182k/unit). The property is located at 13260 Heacock St, on the southeast corner with Dracaea Ave.
The comm...
|
• West Covina Apartment Property Trades for $40 Mil
11/09/23
Sunset Square, a 140-unit multifamily property in West Covina, was acquired by B.A.G. Investments Inc in a $40 mil ($286k/unit) transaction. Built in 1964 and renovated in 2015, the four-building property is located at 745 N....
|
• Apartment Property in Old Town Torrance Goes for $437k/Unit
11/09/23
A private, 1031 exchange investor purchased an 11-unit multifamily community in Torrance for $4.81 mil, or $437k/unit.
Located at 1751 Cabrillo Ave in the desirable Old Town Torrance neighborhood, the property sits on over ...
|
• Encinitas Office/Retail Building Sells for $1,800/sf
11/09/23
A 1.5k sf, a freestanding mixed-use office/retail building in Encinitas traded in a deal worth $2.725 mil ($1,800/sf). The single-story building sits on 0.13 acres at 264 N Coast Highway 101.
Originally developed in 1936 and...
|
• Cerritos Office Building is Traded
11/08/23
Plaza Tower, a 191.9k sf, multi-tenant Class A office property in Cerritos, traded hands in a recent transaction. The nine-story property, located at 18000 Studebaker Rd, was purchased by Logos Missions Inc.
Developed in 198...
|
• Law Firm Pays $495/sf for Irvine Office Building
11/08/23
A 9.1k sf office building in Irvine sold to a local law firm for $4.5 mil ($495/sf). The one-story building is located at 17631 Fitch, on the northeast corner of Fitch and Cowan.
Built in 1980, the property has low-rise feat...
|
• New Construction Pad Building at Palm Desert Shopping Center Sells for $755/sf
11/08/23
A new construction, 8.4k sf multi-tenant retail pad at Monterey Crossing, a newly developed shopping center at the Interstate 10 and Monterey Ave interchange in Palm Desert, sold for $6.34 mil ($755/sf).
Constructed in 2022...
|
• Garden Grove Multifamily Property Sells for $287k/Unit
11/07/23
A 10-unit multifamily property in Garden Grove sold for $2.875 mil, or $287.5k/unit. This marks the first time the property was listed for sale in over 60 years.
Located at 11821 Stuart Drive, this two-story apartment buildi...
|
• MIG Real Estate Pays $30 Mil for 100k sf OC Biz Park
11/07/23
MIG Real Estate has acquired Mission Viejo Business Center, a 100.3k sf industrial business park in Mission Viejo. The price was $30.3 mil, or $302/sf.
Mission Viejo Business Center consists of six multi-tenant industrial di...
|
• BLT Enterprises Finishes Renovations at Hollywood Soundstage Property
11/06/23
BLT Enterprises has completed a $1 mil renovation of BLT Studios, its wholly-owned and operated film studio and soundstage property located at 6309 Eleanor Ave in Hollywood. The renovations included interior, exterior, and HV...
|
• Inland Empire Industrial Trade Works Out to $48/sf
11/06/23
In a recent industrial sales comp from the Inland Empire, a 53.1k sf building traded for $21 mil. The building sits on a 10.3-acre parcel of land at 7920 Lindbergh Dr, west of I-215 and south of Alessandro Blvd.
The price eq...
|
• Investor Pays $2.7 Mil for Vacant Big Lots Store in Fontana
11/03/23
A vacant, 15.2k sf building in Fontana sold for $2.7 mil ($178/sf). The structure, which sits on a 30k sf lot at 17093 Valley Blvd, is a former Big Lots store.
This Fontana property was sold by Red Mountain Group, which purc...
|
• Inland Empire Industrial Complex Sells for $9.2 Mil
11/03/23
San Bernardino Industrial Center, a nine-building, 52.6k sf industrial incubator in San Bernardino, traded for $9.2 mil ($175/sf). The property is located at 360-458 East Rialto Ave, east of I-215.
The property features 9’ t...
|
• San Gabriel Shopping Center Purchased for $10 Mil by 1031 Exchange Investor
11/03/23
Las Tunas Plaza shopping center, a 17.5k sf neighborhood retail center in the city of San Gabriel, was acquired by a 1031 exchange investor in a $10 mil ($571/sf) transaction. The deal closed at a 4.74% cap rate.
Situated on...
|
Return to the Southern California area
