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Monat Lee Acquires Snow White Cottages In Los Angeles For $4M

2906 Griffith Park Boulevard
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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

The Snow White Cottages, a cluster of eight cottages located on the 2900 block of Griffith Park Boulevard in Los Feliz, have been sold in an off-market transaction for a total price of $4,000,000. The cottages were constructed by legendary architect Ben Sherwood in 1931 and are believed to have inspired the setting for the popular Disney film, Snow White and the Seven Dwarfs. Spanning across 5,550 square feet, the cottages have become a local landmark and a favorite tourist attraction. They have also been featured in various movies and television series, including Mulholland Drive by David Lynch. This prestigious multigenerational asset, which has not been offered for sale in over 50 years, was represented by Greg Alexanian & Nick Hayner of The Alexanian Apartment Advisors.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $4,000,000
  • Address: 2906 Griffith Park Blvd.
  • Market: Los Angeles
  • Buyer: Monat Lee
  • Seller: Jay Helfert
  • Brokers: Greg Alexanian & Nick Hayner (https://www.linkedin.com/in/NickHayner)
  • Units: 8
  • Price per Unit (PPU): $500,000
  • Square Footage (SF): 5,550
  • Price per Square Foot (PPSF): $720

This transaction marks a significant milestone as it is the first time these highly coveted cottages have been available for purchase in over five decades. The Snow White Cottages, with their rich history and architectural significance, continue to captivate both locals and visitors alike. The sale was completed by The Alexanian Apartment Advisors, who have a proven track record of closing over $1 billion worth of transactions and representing 3,200 units in the Glendale and surrounding submarkets.

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Deals
  • Location
    2906 Griffith Park Boulevard2906 Griffith Park Boulevard
  • Sale Price
    $4,000,000$4,000,000
    $720 PPSF$720 PPSF
  • Area
    5,550 SF5,550 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Nick Hayner

Nick Hayner

Deals6
Sold$44.2M

Agency

Alexanian Apartment Advisors

Alexanian Apartment Advisors

Agency
Deals42
Volume$228.6M

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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 Deuteronomy 28:8

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2906 Griffith Park Boulevard

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