The 5 Most Expensive CRE Property Listings in LA County – February 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 land, office, flex and industrial properties listed for sale in February 2016. Properties on this list are still for sale as of the date of publication and information is current as of this date.
5. CARSON: Vacant Lot
20630 Figueroa St., Carson, CA 90745
Listing Broker: Sperry Van Ness
Total space: 624,215 sq. ft.
Price per square foot: $32
Starting off the list of the most expensive properties listed last month in LA County is a 14-acre vacant property located in Carson. It boasts an excellent location as it is adjacent to 110 entrance and exits and 405 freeway ramps. It is also 8 miles away from Long Beach shipping ports.
4. KOREATOWN: Office Building
4401 Wilshire Blvd., Los Angeles, CA 90010
Listing Broker: CBRE
Total space: 41,730 sq. ft.
Price per square foot: $635.03
Year completed: 1963, renovated 2001
Category: Office, Class B
Five stories high, this office building was constructed in 1963, but underwent significant renovation in 2001. Current tenants of the building include Associated Television International, a TV production company. This building has good upside potential as Metro is extending the Purple line subway along Wilshire to La Cienega - and eventually will reach the VA Hospital.
3. ARTS DISTRICT: Flex Building
330 S. Alameda St., Los Angeles, CA 90013
Listing Broker: Lee & Associates
Total space: 31,456 sq. ft.
Price per square foot: $858.34
Year completed: 2000
Category: Flex R&D
This Arts District flex building is being marketed as a creative office building. A 70+ spot parking lot is available. Neighborhood amenities are plentiful including being across the street from the Little Tokyo Marketplace and a half-mile away from the Little Tokyo-Arts District Metro stop.
2. GARDENA: Industrial Building
14702 S. Maple St., Gardena, CA 90248
Listing Broker: DAUM Commercial
Total space: 131,880 sq. ft.
Price per square foot: $212.31
Year completed: 2008
Constructed in 2008, the property is comprised of a newer industrial warehouse / distribution facility. The structure includes 46 dock height positions. The facility counts with a 35’ concrete yard and with convenient access to the 105, 110 and 91 freeways.
1. WEST HOLLYWOOD: Office Building
8441-8445 Santa Monica Blvd., West Hollywood, CA 90069
Listing Brokers: CBRE & Newmark Grubb Knight Frank
Total space: 24,082 sq. ft.
Price per square foot: $1,370.32
Year completed: 1942, renovated 2014
Category: Office, Class C
This West Hollywood office building is the most expensive property listed in February. The opportunity consists of a 24k sq. ft. recently renovated building on 30k sq. ft. of land. According to the flyer, the property is perfectly suited for creative office use. A surface parking lot with 46 spaces is available. The eventual buyer may want to take advantage of the billboard on-site to market their brand, if they will be using the property as an owner/user.