MARCUS & MILLICHAP MANAGES $2.1 MILLION DISTRESSED MIXED-USE DEAL
LOS ANGELES — Marcus & Millichap has presided over the $2.1 million trade of a 9,376-square-foot mixed-use property located at 410 North La Cienega Blvd. in Los Angeles. Built in 1937 and about 87 percent occupied at the time of the sale, the property consists of approximately 2,500 square feet of ground-floor retail space and five office suites totaling 4,716 square feet on the second floor. There is also 2,100 square feet of warehouse space, which is currently being used for tandem parking. Marcus & Millichap represented both the private-investor buyer and the seller, CRP Properties, in the transaction.