![]() Features a large open floor plan with a big kitchen island and walk-in closet. Remarks: Located in the popular Mura building in the Arts District. In Little Tokyo.Īmenities: Gym, courtyard with BBQ and fireplace, pool & spa Remarks: Located in the historic Westinghouse Electric elevator factory, the unit is a spacious open-plan loft with high ceilings and large windows. Located in the Elleven building, which is eco-friendly.Īmenities: Year-round heated pool and whirlpool spa, BBQ, weight room, 24-hour security guard Remarks: Modern and spacious, this unit offers a large great room ideal for entertaining and a view overlooking a park. Parking: Assigned, Community Garage, 1 spaceĪmenities: BBQ, pool, jacuzzi, 24-hour concierge Here is a breakdown to compare the listings: Available for lease, these condos vary in terms of layout, features, and amenities. Today, we’re diving deep into three picks, all located in this bustling neighborhood but offering very distinct lifestyles. If you’ve decided to focus on downtown LA, you’re in for a treat! From breathtaking high-rises to repurposed historical buildings, DTLA offers something for everyone. Los Angeles is a city of endless options, especially when it comes to housing. Based out of Nashville, TN, and strategically positioned with over 400 agents and support staff in 15 offices across the United States, Matthews™ continues to focus on expansion into new markets.Which of These 3 Dream Units Will Be Snapped Up First? Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. “By leveraging our relationships and database, we created a competitive environment and netted the most profit for our client.”įor more information, or to contact Taylor Avakian and Charles Wright, please visit About Matthews™ “We were able to get this deal closed before the end of the year even with the challenges of high insurance costs and rising interest rates,” Wright said. The facility offers a low unit basis with an attractive gross rent multiplier and rental upside. ![]() Each unit has been recently renovated, containing new cabinetry, countertops, and flooring. ![]() “Our client was able to dispose of a difficult estate to exchange into better real estate to hold long term.”ĥ01 South Rampart Boulevard is near Downtown L.A. “The property is management-intensive with several facilities needing to be updated or fixed,” Avakian said. The buyer, Flintrock Management Inc., acquired the property to expand its presence in the direct market. The seller, Cherry Shopping LLC, achieved its goal of relinquishing the property at the market’s peak to reallocate capital after 20 years of ownership. Matthews™ created a competitive buying pool, bringing in numerous qualified offers, ultimately closing at a sub 4.75 percent cap rate. Associate Vice President Taylor Avakian and Market Leader Charles Wright represented the seller in the transaction. The property boasts over 26,000 square feet and offers easy access to interstates 405 and 101. Los Angeles- Matthews Real Estate Investment Services ™, a commercial real estate investment services and technology firm, completed the $5,800,000 sale of a 48-unit multifamily complex located at 501 South Rampart Boulevard, Los Angeles, CA.
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