Steve Ravan Acquires Retail Property In Los Feliz For $5.8M

The iconic Rockwell and former Sarnos Bakery, a mixed-use building located at 1710 Vermont Ave. in Los Feliz, was sold for the first time in over 50 years. The property, situated in a prime location between East Hollywood, Silver Lake, and Los Feliz, consists of a restaurant and office space. It is available for lease and includes a CUP for a Type 47 Liquor License and Live Entertainment. The building features multi-level outdoor patios and multiple turnkey kitchen spaces, making it an attractive option for various businesses.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,800,000
• Size: 15,290 square feet
• Price per square foot: $380

The buyer, represented by Steve Ravan of South Park Group, Inc., recognized the potential of this unique property. For any office, retail, fitness, or restaurant needs in Los Angeles, interested parties can contact Steve Ravan via email at [email protected] or directly at (323) 782-1262. Steve and his team can provide more information about investment opportunities and off-market deals in the area.

The seller, Umberto Sarno of The Frances Sarno Trust, entrusted the sale of the property to Aria Pournazarian, Mike Malick, and Carol Song of Marcus & Milichap. Together, they successfully facilitated the transaction for the Rockwell building, allowing new possibilities for future businesses in the heart of Los Feliz.