The 5 Most Expensive CRE Property Listings in LA County – January 2016
Do you have millions of dollars saved up? Are you looking to invest in commercial real estate properties currently for sale in LA County? If you answered yes to both of these questions, then you might want to consider the following list of properties. This list was compiled from information provided by CoStar, and includes the most expensive multifamily, office/land, retail and industrial properties listed for sale in January 2016. Properties on this list are still for sale as of the date of publication and information is current as of this date.
5. KOREATOWN: Multifamily Property
157 S. Oxford Ave., Los Angeles, CA 90004
$17.6 MILLION
CoStar
Listing Broker: Marcus & Millichap
Total space: 77,623 sq. ft.
Price per square foot: $226.74 (Price per unit: $606,897)
Year completed: 2016
Category: Multifamily
Starting the list is this recently constructed 30-unit apartment building in Koreatown, an area that has seen significant multifamily development in recent years. Each unit features upscale finishes with interior finishes. The property features 65 subterranean parking spaces.
4. LONG BEACH: Multifamily Portfolio
1870 Harbor Ave., 1200 E. 52nd St., 1153-1161 Magnolia Ave
$18.25 MILLION
Google Street View
Listing Broker: Stepp Commercial
Total space: 90,502 sq. ft.
Price per square foot: $201.65
Year completed: 1959-1963
Category: Multifamily
Three multifamily complexes are up for sale in Long Beach. The buildings total 108 units and most are comprised of a mix of two, three and four bedroom units. Each of the buildings is located within a different submarket of Long Beach.
3. PASADENA: Land / Office Space
104-150 S. Oak Knoll Ave. & 750-790 E. Green St., Pasadena, CA 91101
$20 MILLION
Google Street View
Listing Broker: Candet Properties Inc.
Total space: 84,889 sq. ft.
Price per square foot: $235.61
Year completed: 1956-1963
Category: Office/Land
For $20 million, a total of six parcels are for sale in Downtown Pasadena. The lots contain three buildings (with parking in rear) and two additional parking lots. It is located one block away from shopping and restaurants on Colorado Blvd and Lake Ave.
2. CITY OF INDUSTRY: Industrial Warehouse
13110 Louden Ln., City of Industry, CA 91746
$24.9 MILLION
Google Street View
Listing Broker: Collier’s International
Total space: 168,000 sq. ft.
Price per square foot: $148
Year completed: 2015
Category: Industrial
Completed in June 2015, this recently constructed warehouse in the City of Industry can be yours for just under $25 million. Encompassing 7.7 acres of land, the 168,000 sq. ft. building includes 26 load docks, 2 ground-level loading doors and 8,000 sq. ft. of office space. It also counts with convenient access to the 10 & 605 freeways.
1. KOREATOWN: Retail Property on Northwest corner of S. Harvard Blvd and W. 8th St. (Portfolio)
3431-3455 W. 8th St. & 749-765 S. Harvard Blvd., Los Angeles, CA 90005
$25.3 MILLION
Google Street View
Listing Broker: Secured Properties
Total space: 63,187 sq. ft.
Price per square foot: $400
Years completed: 1939-1951
Category: Retail
For the first time in 80 years, this Koreatown property is up for grabs This property is located on one entire block of West 8th St in between S. Hobart and S. Harvard Blvds. The offering consist of two story mixed-use buildings, a one-story structure and a parking lot. As it is only a half-mile walk away, the development boasts easy access to the Wilshire/Western Metro stop.
If you are interested in learning more information about any of the mentioned properties, please feel free to contact us by phone at (310) 943-8530 or by email at info@cbicommercial.com.
Note: This list does not include any off-market properties. While every effort has been made to verify the accuracy of the contents in this article, we cannot guarantee accuracy given that information is subject to change.