Hani Cala Purchases Western Plaza Retail Center In Los Angeles From Jesse Kim For $3.3M

The property involved in this transaction is a multi-tenant retail strip center known as Western Plaza, located at 10714 South Western Avenue in Los Angeles. The sale price was $3,300,000, with a total square footage of 10,340 and a lot size of 34,727 square feet. The price per square foot for the property is $319. The center is situated on a signalized, hard corner and spans an entire block along Western Avenue, which is one of the most traveled thoroughfares in Los Angeles. The property features a large on-site parking lot and has a roster of desirable tenants.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,300,000
• Square Footage: 10,340
• Price per Square Foot: $319
• Lot Size: 34,727
• Buyer: Hani Cala
• Seller: Jesse Kim
• Brokers: Oliver Ghadoushi & Hanvid Kim - Compass

Oliver Ghadoushi and Hanvid Kim, representing Compass, facilitated the transaction. They successfully marketed the property, generating multiple offers that led to the sale at full asking price. The transaction highlights the competitive nature of retail assets in the area, emphasizing limited inventory for well-located retail centers.