A mixed-use property at 4311 Eagle Rock Boulevard in Los Angeles has sold to Opus Builders LA for $1,445,000 in an off-market transaction. Kidder Mathews commercial real estate brokers Darin Beebower, Mark Ventre, and Arian Rejaei represented Opus as well as the seller, a family trust.
The Eagle Rock property comprises four townhome-style residential units and two commercial units for retail. Each unit features high ceilings, natural light, and updated flooring. Each tenant has one off-street parking space. There is a laundry facility on the premises. The property is pet-friendly.
With C-2 zoning and both commercial units being under-market, Eagle Rock is well-positioned for a dynamic range of value-adds. Opus plans to renovate and reposition the asset, with a long-term goal of redeveloping. The surrounding area has a walkability score of 88 out of 100.
“To meet the sellers’ pricing expectations, we suggested the seller carry the note with an attractive loan-to-value and interest rate,” said Ventre. “By doing so, we were able to get the seller a great price and monthly income higher than he was previously making by owning the building.”
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with over 900 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. The firm performs $12 billion in transactions, manages 53 million square feet of space, and conducts 2,800 appraisal, consulting, and cost segregation assignments annually.
