Monat Lee Acquires Snow White Cottages In Los Angeles For $4M
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This MultiFamily property located in CA was sold for $4,000,000 over 1 year ago. The brokers of the deal were Greg Alexanian and Nick Hayner
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- Location2906 Griffith Park Boulevard
- Sale Price$4,000,000$720 PPSF
- Area5,550 SF
- Asset TypeMultiFamily
- Parties2 Brokers, 1 Agency
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Deal Summary
SALE
IMAGE: Greg Alexanian & Nick Hayner
DATE: 07/15/2022
ADDRESS: 2906 Griffith Park Blvd.
MARKET: Los Angeles
ASSET TYPE: Multifamily
BUYER: Monat Lee
SELLER: Jay Helfert
BROKERS: Greg Alexanian (@AlexanianAdvisors) & Nick Hayner (https://www.linkedin.com/in/NickHayner)
SALE PRICE: $4,000,000
UNITS: 8 ~ PPU: $500,000
SF: 5,550 ~ PPSF: $720
NOTE FROM BROKER: The Snow White Cottages, a cluster of eight cottages, constructed by legendary architect Ben Sherwood in 1931, are thought to have served as the basis for one of the most popular Disney films of all time; Snow White and the Seven Dwarfs. Located on the 2900 block of Griffith Park Boulevard in Los Feliz, just a few blocks from the original site of Walt Disney's studios, the cottages have become a popular tourist destination and a local landmark. They continue to appear in several movies and television series, including Mulholland Drive by David Lynch, among others. In Lynch's 2001 neo-noir thriller, the cottages had a more literal cinematic appearance when they were used as the site for the Sierra Bonita apartment complex. The $4 million (all cash) transaction took place “off-market”, with The Alexanian Apartment Advisors's Nick Hayner and Greg Alexanian representing both the buyer and the seller. This is the first time the highly coveted generational asset was offered for sale in over 50 years.
Over $1B closed 3,200 units represented, we are the advisors to apartment owners in the Glendale & surrounding submarkets. Contact us for a tailor made opinion of value or to explore investment opportunities.
(818) 239-1206
[email protected]
www.alexanianadvisors.com
Dre: 02090908. 01513975
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2906 Griffith Park Boulevard
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