1440 W. manchester avenue
los angeles, ca 90047
JUST SOLD!
SALE PRICE: $3,600,000
Elijah Suval and Daniel Hirth from the Hirth Group have successfully closed the purchase of a retail shopping center located at 1440 W. Manchester Avenue, Los Angeles CA 90047. The property is situated on ±21,639 SF of land and comprises a ±9,000 SF retail space. The transaction encountered several rare issues that required Elijah and Daniel to navigate through. Two of the three tenants occupying the property had no existing lease agreements, while one of them was in the process of eviction. Additionally, there was major deferred maintenance on the subject property. Daniel and Elijah were able to negotiate extensions with the buyer to complete environmental reports, which resulted in an increase in the purchase price. The seller's motivation for selling the property was due to retirement, while the buyer intended to expand their business. With their expertise and experience, Elijah and Daniel were able to overcome these challenges and successfully close the deal.
THE TEAM
Elijah Suval
Senior Investment Associate