Maher Commercial Realty Acquires Retail Property In Los Angeles For $3M

1216 W 7th Street, Los Angeles, was recently sold in a transaction facilitated by Global Commercial Real Estate and Maher Commercial Realty. The property, classified as a retail asset, was sold for a price of $3,000,000. The land spans approximately 7,338 square feet, with a price per square foot of $409. The building itself has a total area of 4,160 square feet, resulting in a price per square foot of $721. The property is zoned CW.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $3,000,000
• Address: 1216 W 7th Street, Los Angeles
• Land Square Feet: 7,338
• Price per Square Foot (Land): $409
• Building Square Feet: 4,160
• Price per Square Foot (Building): $721
• Zoning: CW

The sale of this retail property was represented by Yan Tkach from Global Commercial Real Estate on behalf of the seller, and Jeremy Shore from Maher Commercial Realty acted as the buyer representative. No additional information on this transaction is available.