COLDWELL BANKER COMMERCIAL WESTMAC ARRANGES SALE OF COMMERCIAL PROPERTY IN LEIMERT PARK
LOS ANGELES, CA - 07/05/2018 — Coldwell Banker Commercial WESTMAC has arranged the sale of 3440-3450 W. 43rd Street in Leimert Park for $2,050,000.
Located along W. 43rd Street near Crenshaw Boulevard in the Leimert Park neighborhood of Los Angeles, 3440-3450 W. 43rd Street includes a ±9,240-square foot mixed-use building on a ±15,769-square foot lot.The building is currently a mix of office and medical uses.
With voter approval of Measure M, the City of Los Angeles has put into motion a mass transit expansion project focusing on adding new housing and economic activity in commercial, industrial and multifamily areas near L.A. transit nodes. The parcels that qualify are measured by the Transit Oriented Communities (TOC) Affordable Housing Incentive Program. 3440-3450 W. 43rd Street falls under TOC Guidelines Tier 4.
“The TOC Incentives have brought a lot of new interest into the Leimert Park area,” said T.C. Macker, CCIM. “As a Tier 4 property, the Buyer has the largest incentives available for maximum redevelopment potential.”
T.C. Macker, CCIM and Daniel J. Park, Esq. of Coldwell Banker Commercial WESTMAC represented the Seller. Jamie Brooks of CBRE represented the Buyer.
About Coldwell Banker Commercial
Coldwell Banker Commercial WESTMAC is a Los Angeles based commercial real estate brokerage firm founded in 1988 by one of L.A.’s most recognized commercial real estate brokers Timothy C. Macker. Our firm is a full service real estate company that provides exemplary consultation, advisory and marketing services to property owners, users, developers and investors. Since 2000, the company has been an affiliate and franchisee of Coldwell Banker Commercial organization tracing its roots back to 1906.
Our 30+ professionals specialize in four distinct market niches: office, industrial, retail and multi-family properties. Among the primary services the firm provides are exclusive marketing of both for-sale and for-lease properties, representation of tenants seeking to lease commercial space, and consultation to real estate investors, developers and owners on the disposition or acquisition of commercial property.
Our standard is “The client’s best interest must be the guiding force behind all services.”
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Company Name: Coldwell Banker Commercial WESTMACFull Name: Jennifer Moscoso
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Website: www.westmac.com