Monat Lee Acquires Snow White Cottages In Los Angeles For $4M

The Snow White Cottages, a cluster of eight cottages located on the 2900 block of Griffith Park Boulevard in Los Feliz, have been sold in an off-market transaction for a total price of $4,000,000. The cottages were constructed by legendary architect Ben Sherwood in 1931 and are believed to have inspired the setting for the popular Disney film, Snow White and the Seven Dwarfs. Spanning across 5,550 square feet, the cottages have become a local landmark and a favorite tourist attraction. They have also been featured in various movies and television series, including Mulholland Drive by David Lynch. This prestigious multigenerational asset, which has not been offered for sale in over 50 years, was represented by Greg Alexanian & Nick Hayner of The Alexanian Apartment Advisors.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $4,000,000
• Address: 2906 Griffith Park Blvd.
• Market: Los Angeles
• Buyer: Monat Lee
• Seller: Jay Helfert
• Brokers: Greg Alexanian & Nick Hayner (https://www.linkedin.com/in/NickHayner)
• Units: 8
• Price per Unit (PPU): $500,000
• Square Footage (SF): 5,550
• Price per Square Foot (PPSF): $720

This transaction marks a significant milestone as it is the first time these highly coveted cottages have been available for purchase in over five decades. The Snow White Cottages, with their rich history and architectural significance, continue to captivate both locals and visitors alike. The sale was completed by The Alexanian Apartment Advisors, who have a proven track record of closing over $1 billion worth of transactions and representing 3,200 units in the Glendale and surrounding submarkets.