IREA is pleased to announce the closing of 5543 Case Ave, North Hollywood, CA for $6,850,000. This represents a price per unit of $381,000 and a price per SF of $482.
Viewing entries by
Christopher Torian
IREA is pleased to announce the sale of Bonita Terrace in Los Angeles for $10,118,888.
IREA is pleased to announce the closing of Bonita Terrace at $10,118,888 in Los Angeles. Located at the foot of the Hollywood Hills, the 16-unit property is three stories with additional rooftop space. Sold by IREA partners Jonathan Krikorian, Clark Everitt, and William Everitt, the brokers represented both buyer and seller.
Built in 2014 with Classic Spanish architecture, the building also features elevator service, secure subterranean parking, and modern interiors.
A stunning rooftop patio features panoramic views and outdoor entertaining accessories from barbecue to an outdoor big screen TV. The building is centered in the heart of Hollywood, walking distance to restaurants, Mann Chinese theaters, the Magic Castle and the Hollywood Bowl.
Partners Clark Everitt, William Everitt, and Jonathan Krikorian closed a Giant gas station, a newly built gas station in Flagstaff, AZ for $6,248,888. Agents were able to successful execute a custom exchange wherein clients sold multifamily property and purchased new construction 20 year triple net lease.
Partners Clark Everitt, William Everitt, and Jonathan Krikorian closed a Giant gas station, a newly built gas station in Flagstaff, AZ for $6,248,888. Agents were able to successful execute a custom exchange wherein clients sold multifamily property and purchased new construction 20 year triple net lease.
IREA is pleased to announce the sale of Flight Ave Apartments in Westchester which just closed at $10,258,888. At $513,000 per unit, IREA’s Jonathan Krikorian, Clark Everitt, and William Everitt set a record for the highest price per unit multifamily sale in Westchester with the closing of Flight Ave Apartments.
Nestled in Chavez Ravine and framed on one end by the steep San Gabriel Mountains and on the other by a jumble of Downtown LA skyscrapers, Dodger Stadium has been heralded for its beauty since the day it opened in 1962. It’s especially striking when the sun sets: The clouds turn bright pink and the sky is painted purple and gold.
Last year, real estate investor Statewide Acquisitions Corporation purchased Downtown LA’s historic Catalina Swimwear building with plans to repurpose the 1920s-era industrial structure as a live-work complex with a bit of ground-floor commercial space.
The historic Columbia Mills Factory that has served as the site for Lacy Street Studios, where movies like "LA Confidential" and "Catch Me If You Can" were made, just sold for $20M, or $222/SF.
Columbia Mills, a nine-building industrial complex in Lincoln Heights, has sold for $20 million to production company Buck Design. The property, located across the street from the Gold Line's Lincoln Heights Station, features 90,000 square feet of rentable space across more than two acres.
The historic Columbia Mills Factory that has served as the site for Lacy Street Studios has sold to the expanding Buck Design for their Los Angeles headquarters for $20,000,000. The 9 building, 2 acre campus at 2626 Lacy St, Los Angeles, CA 90031 is a record-breaking sale for Lincoln Heights at $222 per square foot.
A 63-unit apartment complex in Glendale has traded for $20 million, delivering a 60 percent gain to the sellers, according to Encino commercial real estate firm Investment Real Estate Associates.
It is a weekday afternoon in May, and a dozen young women are dabbing themselves with expensive creams, serums, and balms in the Glossier showroom, a tiny, light-filled beauty sanctuary on the sixth floor of an office building in downtown Manhattan. Even the cosmetics startup’s employees, whose dewy complexions match their millennial-pink jumpsuits, are participating.
The Catalina Swimwear Building is a six-story Downtown Los Angeles industrial building constructed in 1923. The building has a Neoclassical façade sheathed in a Flemish Bond brick pattern; the sixth story of the building features a projecting balconet, molded stringcourse, and rounded arch windows framed by pilasters and topped by a broken Classical pediment. William Douglas Lee, a prominent Los Angeles-based architect and designer, designed and constructed the building for Pacific Knitting Mills, which became Catalina Swimwear company in 1928. Lee’s other works include the Textile Center Building (HCM #721), the Garment Capitol Building (HCM #930), and the El Royale Apartments (HCM #309). This was Lee’s first major commission as an independent architect and the building reflects the early development of the Garment District in Downtown.
Investment Real Estate Associates (“IREA”), a national investment real estate advisory firm based in Encino, California announced the sale of Hayworth Ave Apartments, a 17 unit, three story multifamily asset. At $10,188,889 the property sold at a 3.5% cap rate and sold at a strong $600,000 per unit.
Los Angeles has always been a city of strivers and social climbers. In the 1920s, this proclivity for luxury and respectability manifested in an unprecedented construction boom.
The boom transformed the city from a Wild West outpost of small Victorians and adobes into a concrete and steel metropolis rivaling the great cities of the East Coast. On North Rossmore Avenue, in sophisticated Hancock Park, several “New York style” high-rise apartments were built near the new Wilshire Country Club to house the city’s self-proclaimed aristocracy.
As a recent report from rental website Zumper confirms, Los Angeles rents are among the highest in the nation. For two-bedroom units, in fact, only San Francisco and New York top LA’s median price point.
Bernards, a Los Angeles-based commercial builder, has announced the completion of the G12 development in Downtown Los Angeles’ South Park district.
The Wilshire Grand in Downtown’s financial district, which was previously scheduled to be completed this month, is still very much under construction, as shown in new photos taken over the last month inside the 73-story tower.
The following apartments and homes show a comparison of what approximately $2,300 can rent you in Los Angeles this month:
Whether you want to call it Central City West or just City West, or even Westlake, the area west of Downtown is certainly heating up right now. We’ve seen a number of new developments proposed for the area lately, including a 26-story tower at Seventh and Lucas and an even taller 36-story project at Seventh and Bixel.