On the Market: 5 Interesting Listings for the Week of 10/1
This week's listings include a recently renovated community across the street from the University of Miami; an historic five-story building in downtown New Britain, Conn.; and a Spanish Colonial Revival-style property in West Hollywood, Calif.
On the Market is a weekly department curating the most interesting recent for-sale CRE assets. If you have a residential real estate asset listing that you’d like to share with our readers, please email it to Associate Editor Tudor Scolca.
1226 Havenhurst Drive
1226 Havenhurst Drive (Image via Google Street View)
Location: West Hollywood, Calif.
Price: $5,990,000
Units: 13
Year Built: 1927
Net Rentable: 13,798 square feet
Highlights: The property features a Spanish Colonial Revival architecture, whose original charm has been preserved by designers, and is located in one of the most desirable areas of Los Angeles, north of Santa Monica Boulevard and one block west of Crescent Heights Boulevard. Residents also enjoy proximity to a variety of venues including The Pacific Design Center, Melrose Avenue, The Sunset Strip The Grove and LA County Museum of Art. Units come in one-bedroom floor plans of varying sizes and finishes and are valued at $461,000.
Contact: Rich Johns, Keller Williams Commercial – 818.432.1575
The Rao Building
160 Main St. (Image via Google Street View)
Location: 160 Main St., New Britain, Conn.
Price: $2,175,000
Units: 15
Year Built: 1900
Net Rentable: 16,406 square feet
Highlights: This historic five-story building in downtown New Britain was last renovated in 2009 and it now features a new elevator and fire alarm system. The luxury units have updated kitchens with granite countertops, hardwood flooring, cherry wood cabinets, vaulted ceilings and working fireplaces. Tenancy primarily includes students and young professionals. In addition to the residential component, the community encompasses one retail unit.
Contact: Bradley Balletto and Rich Edwards, NorthEast Private Client Group – 203-692-2420
Tenderloin
555 Eddy St. (Image via Google Street View)
Location: 555 Eddy St., San Francisco
Price: $9,500,000
Units: 39
Year Built: 1910
Net Rentable: 22,228 square feet
Highlights: The four-story building consists of 16 one-bedroom apartments and 23 studio apartments, 11 of which have been recently renovated. Each of them has separate gas and electric meters and separate heat. One of the asset’s greatest benefits is its proximity to the Mid-Market and Civic Center areas as well as a number of restaurants, bars and shops. Tenderloin is also close to the offices of employers such as Uber, Twitter, Reddit, Zoosk and Yelp, one of the reasons why it has been popular among young professionals. Residents have access to public transportation via Muni and BART.
Contact: Daniel McGue, Paragon Real Estate Group — 415.310.5787
616 Lofts on Prospect
Location: Grand Rapids, Mich.
Price: $3,860,000
Units: 22
Year Built: 1900
Net Rentable: 17,971 square feet
Highlights: The property is located in the desirable Heritage Hill and has initially functioned as a church. When developers turned it into condominiums, they preserved the neo-gothic elements and architecture, but added HVAC systems in each unit. Apartments feature high ceilings, hardwood floors, stainless steel appliances, granite countertops and in-unit washers and dryers and were last renovated in 2013. The community also provides 23 parking spaces (one for each unit), a community room and a bike storage area.
Contact: Peter Colvin and Cody Colvin, SVN – 616-893-5353
Orduna Court
800 S. Dixie Highway (Image via Google Street View)
Location: 800 S. Dixie Highway, Coral Gables, Fla.
Price: Unpriced
Units: 24
Year Built: 1982
Net Rentable: 25,500 square feet
Highlights: The four-story building has been recently renovated and modernized through the addition of smart technology and equipment. It comprises two- and three-bedroom units which feature private balconies as well as terraces on the upper floors. The property is located across the street from University of Miami and within walking distance from Miracle Mile, Coconut Grove and downtown Miami.
Contact: Gerard Yetming & Mitash Kripalani, Colliers International – 1 786 517 4995 and 786 271 5598
All images and information are property of the respective brokerage firms or broker.
