RPM Investments Acquires Koreatown Office Building On Venice Blvd. For $5M

A 15,857 square foot office property located at 1430 Venice Blvd in Koreatown has been sold for $5,000,000. The property was purchased by RPM Investments from Exceptional Children's Foundation, with the transaction facilitated by brokers Ron Burkhardt, Ryan Plummer, and David Ghermezian of Newmark. The sale price equates to a price per square foot of $315.

Summary of transation details

• Property Type: Office
• Transaction Amount: $5,000,000
• Square Footage: 15,857
• Address: 1430 Venice Blvd
• Market: Koreatown

Ron Burkhardt, Ryan Plummer, and David Ghermezian of Newmark played a key role as brokers in facilitating the transaction between RPM Investments and Exceptional Children's Foundation. The deal represents a significant transaction in the office real estate market in Koreatown.