171 N. la brea avenue
Inglewood CA 90301
SALE PRICE: $1,850,000
Elijah Suval & Daniel Hirth of the Hirth Group are pleased to announce the successful closing of 171 N La Brea Ave, Inglewood CA 90301 – a two-story office building consisting of approximately 8,558 SF of building on an estimated 4,343 SF lot. The subject property had immense fire damage and needed to be rehabilitated. After a short marketing duration of two weeks, the property was in escrow with a perfect owner/user whose goal was to occupy the downstairs and rent out the upstairs.
The buyer had some missteps when it came down to obtaining financing. As a result, the buyer added more money into escrow in the form of a deposit in lieu of getting more time to get close the deal. With time running out and a large deposit on the line, the buyer ultimately ended up going with a hard money lender, referred to him by The Hirth Group, to finance the transaction. All in all, Daniel and Elijah were able to navigate through some tough obstacles to get this deal to the finish line for their client.