WESTMAC Commercial Brokerage Company has announced the sale of 626 N. Larchmont Boulevard in Los Angeles for $2,500,000. The property, located in the heart of Larchmont Village, includes a ±2,094-square-foot building on a ±5,622-square-foot lot. The buyer, Larchmont Arts District LLC, acquired the asset as an investment, reflecting ongoing interest in well-located retail properties.
T.C. Macker, President of WESTMAC Commercial Brokerage Company, commented on the transaction: "The sale of 626 N. Larchmont Boulevard reflects the continued strength and resilience of premier neighborhood retail corridors like Larchmont Village. Well-located assets with strong fundamentals continue to attract significant investor interest. We are pleased to have represented our client in achieving a successful closing on this exceptional property."
The seller was represented exclusively by T.C. Macker and Woody Cook of WESTMAC Commercial Brokerage Company, while Brian Hart and Greg Batiste of the same firm represented the buyer. The transaction highlights the expertise of WESTMAC's team in navigating complex commercial real estate deals.
Larchmont Village is known for its vibrant mix of boutiques, restaurants, and services, making it a desirable destination for both locals and visitors. The sale price of $2.5 million for a ±2,094-square-foot building equates to approximately $1,194 per square foot, underscoring the premium placed on properties in this area. This transaction is indicative of broader trends in the Los Angeles commercial real estate market, where retail properties in strong neighborhoods continue to command high values.
WESTMAC Commercial Brokerage Company, founded in 1988 by Timothy C. Macker, is a full-service commercial real estate brokerage firm based in Los Angeles. The firm specializes in office, industrial, retail, and multi-family properties. With over 30 professionals, WESTMAC provides consultation, advisory, and marketing services to property owners, users, developers, and investors. The company's philosophy centers on prioritizing the client's best interest in all services.
This sale demonstrates the ongoing demand for retail space in established Los Angeles neighborhoods, even as the broader market faces challenges. For investors, properties in areas like Larchmont Village offer stability and potential for appreciation. The involvement of multiple brokers from WESTMAC in this transaction showcases the firm's collaborative approach and depth of market knowledge.
