Private Investor Acquires Hollywood Office Building For $1.8M Represented By JLL

An owner-occupied office building at 738 North Highland Ave in Hollywood was sold for a record price of $1.8 million, at a rate of $947 per square foot, to a private investor in Los Angeles. The property spans 1,900 square feet and is situated in the bustling market of Los Angeles.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,800,000.00
• Address: 738 N Highland Ave, Los Angeles, CA...
• Market: Los Angeles
• Seller's Rep: Nicole Mihalka (JLL)
• Buyer: Private Investor
• Price: $1,800,000.00
• SF: 1900

Nicole Mihalka from JLL represented the seller, an LA private investor, in the transaction of the office building at 738 North Highland Ave. This record-breaking deal in Hollywood's Highland Avenue corridor highlights the area's significance as an entertainment hub, housing design showrooms, and art galleries. Nicole anticipates further growth in the region, foreseeing it to rival other prominent corridors in the city over the next decade. She mentions that savvy investors are already taking advantage of this opportunity.