April 15th//Commercial


Partners Trust Sells Melrose Avenue Mixed-Use Property

Melrose Avenue is one of the best streets in Los Angeles for shopping, finding great restaurants and entertainment.

Partners Trust Commercial Associates Dario Svidler and Lee Mintz recently helped their buyers score a prime mixed-use building on Melrose Ave. in West Hollywood as reported by Bisnow in this week’s LA Deal Sheet. The property transacted for $4.5 million. This building includes 37 apartments as well as retail space and the Guadalupe’s Place restaurant.

The Melrose area may have come to national prominence through the  1990s drama Melrose Place but the area was a vital and evolving area for many years before that. This building is located near Raleigh Studios, the oldest independent studio in continuous operation and Conway Studios.

Opportunities for great investments in retail, commercial, multifamily income properties exist around the city but they aren’t always easy to find. Our Partners Trust Commercial team spends significant time sourcing the properties that may not be on the open market but are still available for purchase.

 

 


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