Just SOLD | 3815 McLaughlin Ave

IREA is pleased to announce the closing of 3815 McLaughlin Ave, a 27-unit multifamily property built in 1989  for $12,800,000 in West Los Angeles. Sold by IREA partners Jonathan Krikorian, Clark Everitt and William Everitt, the partners represented both buyer and seller, private individuals from California.

“Despite the looming threat of the repeal of Costa-Hawkins, our marketing process generated 10+ offers, showing the continued appetite for non rent-control product in prime West Los Angeles locations,” notes partner Jonathan Krikorian.

Located in Mar Vista adjacent to Silicon Beach, the property features unique floorplans with lofts and patios.

“The seller selected the buyer based on their vision for the property’s future. An extensive renovation of over 50% of the units is already underway,” adds partner Clark Everitt.

JUST SOLD | Bonita Terrace in Hollywood Hills

IREA is pleased to announce the sale of Bonita Terrace in Los Angeles for $10,118,888.

IREA is pleased to announce the closing of Bonita Terrace at $10,118,888 in Los Angeles. Located at the foot of the Hollywood Hills, the 16-unit property is three stories with additional rooftop space. Sold by IREA partners Jonathan Krikorian, Clark Everitt, and William Everitt, the brokers represented both buyer and seller.

Built in 2014 with Classic Spanish architecture, the building also features elevator service, secure subterranean parking, and modern interiors.

A stunning rooftop patio features panoramic views and outdoor entertaining accessories from barbecue to an outdoor big screen TV. The building is centered in the heart of Hollywood, walking distance to restaurants, Mann Chinese theaters, the Magic Castle and the Hollywood Bowl.