The 5 Most Expensive CRE Property Listings in LA County – May 2016

The 5 Most Expensive CRE Property Listings in LA County – May 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 specialty, retail, land, flex & multifamily properties listed for sale in May 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:  New Covenant Academy
3119 W. 6th St., Los Angeles, CA 90020
$19.9 MILLION

CoStar

CoStar

Listing Broker: New Star Realty
Total space: 51,300 sq. ft.
Price per square foot: $387.91
Year completed: 1966
Category: Specialty – School

For nearly $20 million, a property consisting of a school and church property can be yours. It is nearby Metro subway stations, restaurants, and other retail options in Koreatown.

4. SANTA MONICA: Fiat Santa Monica (current occupant)
1820 Santa Monica Blvd., Santa Monica, CA 90404
$20 MILLION

CoStar

CoStar

Listing Broker: JLL
Total space: 12,466 sq. ft.
Price per square foot: $1,604.36
Year completed: 1976
Category: Retail – Auto Dealership

Located on the corner of Santa Monica Boulevard and 19th Street, this auto dealership is available. The offering consists of 30,000 sq. ft. of land with a sales & service building, in addition to 10 service bays.

3. ROSEMEAD: Building / land
8614 Valley Blvd., Rosemead, CA 91770
$35 MILLION

Google Maps

Google Maps

Listing Broker: Diamond Hills Realty
Total space: 146,797 sq. ft.
Price per square foot: $238.42
Year completed: 1941
Category: Retail / Land

Formerly a lumber yard, this 3.37 acre property is situated right in the heart of the city of Rosemead. The property would be a good redevelopment opportunity as it a large-sized property, is centrally located and is a half-mile away from the nearest 10 freeway entrance/exit.

2. PICO-UNION:  The BankNote Press Building
1330 W. Pico Blvd., Los Angeles, CA 90015
$42 MILLION

CoStar

CoStar

Listing Broker: CBRE
Total space: 152,751 sq. ft.
Price per square foot: $274.96
Year completed: 1967, renovated 2001
Category: Flex

The BankNote Press Building is located directly adjacent to the 110 freeway and is just over the overpass from South Park, home to the LA Convention Center, Staples Center and LA Live. This building used to be the headquarters of the Jeffries Banknote Company, a printing and engraving business.

1. SANTA CLARITA: The Townhomes at Lost Canyon
18179 W. Terra Verde Place, Santa Clarita, CA 91387
$60 MILLION

CoStar

CoStar

Listing Broker: Moran & Company
Total space: 348,330 sq. ft.
Price per square foot: $172.25
Year completed: 2013
Category: Multifamily

Built in 2013, The Townhomes at Lost Canyon is a newer construction Class A multifamily community located in Santa Clarita, consisting of 157 townhome units. It boasts amenities such as pool, fitness center, business center and dog park. The complex has an advantageous location, being a block away from retail such as Costco, Target, and Bed, Bath & Beyond.

Note: This list does not include any off-market properties. While every effort has made been to verify the accuracy of the contents in this article, we cannot guarantee accuracy given that information is subject to change. 

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