SOLD
South Park Group Inc. Acquires Retail Property In Los Feliz For $2.9M
1824 Hillhurst Avenue
Retail
2,204 SF
2,204 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
Retail
2,204 sqft
An owner user buyer has purchased a retail property located at 1824 Hillhurst Ave in Los Feliz. The property, a 1920s Craftsman restaurant, was sold by Steve Ravan of South Park Group Inc. for $2,900,000. The sale price translates to $1,315 per square foot for the 2,204 square foot property. Ravan had previously sold the property in 2015 for $2,200,000. The transaction took place on April 19, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,900,000
- Address: 1824 Hillhurst Ave
- Market: Los Feliz
In addition to this transaction, Tyler Strauss of Faris Lee Investments represented the seller in the deal. For more information on owner user or investment opportunities in the commercial real estate market, interested parties can contact Steve Ravan at (323) 782-1262 or [email protected].
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: @SteveRavan & @TylerStrauss
DATE: 04/19/2021
ADDRESS: 1824 Hillhurst Ave.
MARKET: Los Feliz
ASSET TYPE: Retail
BUYER’S REP: Steve Ravan @SteveRavan - South Park Group Inc. @SouthParkGroup
SELLER’S REP: Tyler Strauss @TylerStrauss - Faris Lee Investments
ASKING PRICE: $3,790,000
SALE PRICE: $2,900,000
SF: 2,204 ~ PPSF: $1,315
NOTES: Just Sold by @SteveRavan for 2nd time in 6 years. After originally selling for $2,200,000 in 2015, @SteveRavan sells this 1920s Craftsman restaurant property to an owner user Buyer for $2,900,000 ($1,315/SF).
Contact Steve Ravan at (323) 782-1262 or [email protected] for your office, retail, fitness or restaurant requirements, either for purchase or for lease. Learn more about Owner User or Investment Opportunities and Off Market Deals as the commercial real estate market begins to come back post-pandemic.View on map
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Address1824 Hillhurst Avenue
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