CAL Arts Acquires Office Building In Echo Park For $1.9M From Seller Neil Gitnick

1264 West 1st Street, Los Angeles, CA, USA

$1,913,000

$587/SF

Building Size

3,258 SF

Asset Type

Office

Closing

Jun 25, 2020

AI

The office property located at 1264 W. 1st Street in Echo Park has been sold in a transaction that was finalized on June 25, 2021. The property, spanning 3,258 square feet, was acquired by CAL Arts from Neil Gitnick. The sale price for the property was $1,913,000, resulting in a price per square foot of $587.

Summary of transaction details

Property Type: Office
Transaction Amount: $1,913,000
Buyer: CAL Arts
Seller: Neil Gitnick
Brokers: Jay Martinez, Michael Criswell, Elizabeth Clark, and Olivia Robertson

The deal was facilitated by brokers Jay Martinez, Michael Criswell, Elizabeth Clark, and Olivia Robertson, who represented the respective parties involved in the transaction.

Players