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South Park Group Inc. Acquires Retail Property In Los Feliz For $2.9M

Property Image
SOLD
$2,900,000
Tyler Strauss
Steve Ravan

California

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Retail2,204 SF
Sold 04/19/2021
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Property Image
SOLD

South Park Group Inc. Acquires Retail Property In Los Feliz For $2.9M

1824 Hillhurst Ave, Central LA, Los Angeles, CA, USA

See Similar Deals
Retail2,204 SF
Sold 04/19/2021
Tyler Strauss
Steve Ravan
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$1,315
Total Square Footage:2,204 SF
Transaction Type:Sale

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

Steve Ravan
South Park Group
Steve Ravan
17 deals$83M volume
BROKER
Tyler Strauss
Tyler Strauss
2 deals$29.8M volume
BROKER

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.

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