An office property in the South Robertson neighborhood of Los Angeles sold for $6,000,000 to a non-profit user. Kidder Mathews’ Tanel Harunzade, Darrell Levonian, Brittney McCarthy, and Michael Daniels represented the seller, a private LLC.
This unique property includes two adjacent parcels of land at 1818 and 1824 South Robertson Boulevard. The buildings were constructed separately, then connected by a previous owner. The space now totals ±14,242 square feet, with renovations throughout including a large rooftop deck at 1818 Robertson with expansive views of the city and Hollywood Sign.
The location of the property served as a significant selling point. It is situated between Beverlywood, Crestview, and La Cienega Heights — offering a mix of urban and suburban surroundings with nearby retailers, restaurants, and parks.
“Raising interest rates impacted the financing, but the market fundamentals of well-located real estate created demand from multiple buyers seeking to use the property,” said Harunzade.
About Kidder Mathews
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with 900 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, asset services, consulting, project and construction management, and debt & equity finance services for all property types. The firm performs $10.9 billion in transactions, manages 52 million square feet of space, and conducts over 2,600 appraisals annually. For more information, visit kidder.com.