Hwi Bang Acquires Retail Asset In South Los Angeles For $6.1M

The property involved in this closed transaction is a retail asset located at 2580 Venice Blvd. in South Los Angeles. The property spans 4,391 square feet and was sold at a price of $6,100,000, resulting in a price per square foot of $1,389. The transaction took place on March 31, 2022.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,100,000
• Address: 2580 Venice Blvd.
• Market: South Los Angeles
• Square Footage: 4,391

The buyer of the property was Hwi Bang, while the seller was Dynamic Development Company. Youngju Park from New Star Realty represented the buyer, and Rick Rivera and Jason Ehrenpreis from CBM1 represented the seller in this transaction.