On the Market: 5 Interesting CRE Listings for the Week of 4/22
- Apr 22, 2016
On the Market is a new department curating the week’s most interesting for-sale CRE assets. If you have a commercial real estate asset that you’d like to share with our readers, please email it to Mallory Bulman, Associate Editor.
7136 S. East End
Offering Price: $350,000
Gross SF: 8,142 SF
Highlights: All units have three bedrooms and one bath; average unit size of 1357 square feet; in-unit washers and dryers; value-add opportunity; 13.47 percent pro-forma cap rate.
Contact: Kiser Group, 773-293-5000
Location: Los Angeles
Price: $18.3 million
Price/Unit: $435, 714
Highlights: Located in Downtown Los Angeles close to the Financial District, Silverlake, Echo Park and Koreatown; current ownership made $12 million worth of improvements to structure, building systems and interiors; Walk Score of 93; luxury unit finishes including quartz countertops, stainless steel appliances, washers and dryers and window treatments; offered free and clear of debt.
Contact: Ronald Harris, Institutional Property Advisors, 213-943-1900
Location: Charlotte, N.C.
Price: $3.2 million
Year Built: 1905
Building Size: 39,980 SF
Highlights: Historic converted mill; close proximity to Uptown Charlotte; pet-friendly; community amenities include a rooftop lounge, grills and a picnic area.
Contact: Brogyn Mullinix, Capstone Apartment Partners, 800-261-9464
Alta Vista Apartments
Location: Monrovia, Calif.
Price: $10.5 million
Building Size: 74,876 SF
Highlights: Close proximity to newly opened Monrovia Station on the Metro Gold line; controlled access building; amenities include on-site laundry, barbecue and picnic areas and covered parking; net operating income of $493,500.
Contact: Carlos A.G. Vigon, CBRE, 310-363-4931
4044 Redwood Avenue
Location: Los Angeles
Price: $13.9 million
Building Size: 21,377 SF
Highlights: Full occupancy; location adjacent to Marina Del Rey; units have open floor plans, high ceilings, polished concrete or hardwood floors, laundry facilities and open balconies; community rooftop deck with city views.
Contact: Gary Fox, Miller & Desatnik Realty, 310-202-9166 ext. 302