3551 s. western avenue
LOS ANGELES, CA 90018
just sold!

Daniel Hirth and Elijah Suval of The Hirth Group is pleased to announce the sale of 3551 S Western Avenue, Los Angeles CA 90018, a two-story mixed use building consisting of residential and retail.

Daniel Hirth and Elijah Suval exclusively listed the property and procured the ideal 1031 exchange buyer to close on this transaction. With the buyers only having one day left to identify their upleg, Elijah received a phone call from a past client who was in desperate need to find an ideal exchange. Knowing time was of the essence and with only a few hours remaining in the workday, Elijah told Daniel the news and they were both determined to find their old client a deal. Due to their vast reach and market knowledge, Daniel and Elijah were able to present the buyer various on-market and off-market deals that suited their 1031 exchange requirements. By the end of that business day, 3551 S Western Avenue was in escrow. Through Daniel’s and Elijah’s extensive market knowledge, expertise, and specialization, they were able to successfully prevent the buyer from having to pay capital gains and achieve a phenomenal price for the seller and exceeding their expectations.

THE TEAM

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Daniel Hirth

Managing Director

310.300.2838 Direct

818.201.5268 Mobile

Daniel@HirthGroup.com

License CA: 01515796

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Elijah Suval

Senior Investment Associate

310-300-3180 Direct

310-297-2828 Mobile

Elijah@HirthGroup.com

License CA: 02024364

The sale

Procured Ideal 1031 Exchange Buyer
All Cash Transaction
30 Day Close
Price Per SF Building of Building $328 | Current Cap Rate of 5.10%
2nd Highest Price Per SF for a Mixed-Use Building within Mile and a Half Radius within last 3 Years
 

GET IN TOUCH:

NEVER MISS A LISTING:

Tel: 310-300-2838

daniel@hirthgroup.com

2701 Ocean Park Blvd #140

Santa Monica, CA 90405

© 2017 by THE HIRTH GROUP

KW Commercial CAL DRE 01499010