Stevenson Real Estate Services

OFFICE PROPERTY SOLD FOR $4,225,000!
529 Hahn Avenue
Glendale, CA 91203

Kris Hons and Randy Stevenson represented the seller and Ante Trinidad, MRED represented the buyer in the sale of this 10,417 square foot office building on 15,294 square feet of land with 30 parking spaces. The property has excellent access and is located just off of Pacific Avenue and the 134 Freeway. It was sold with five unique tenants that have occupied the building for extended periods of time. The property has great amenities with Starbucks, Subway, Acapulco Restaurant & Cantina, and Jack in the Box all less than two blocks away. The property is also minutes from The Americana at Brand, and Glendale Galleria, and less than a block away from famed Fremont Park with its tennis and basketball courts. For more information, contact Kris x127, Randy x155 or Ante x130 at (818) 956-7001. Kris Hons DRE #: 01807261. Randy Stevenson DRE #: 01228475. Ante Trinidad, MRED DRE #: 00704267. Stevenson Real Estate Services DRE #: 00983560.

COMMERCIAL/INDUSTRIAL PROPERTY LEASED!
2000 North Lincoln Street
Burbank, CA 91504

Patrick Long represented both landlord and tenant in the lease of this 6,936 square foot commercial/industrial building on 6,936 square feet of land. Located at the signalized corner of North Lincoln Street and Empire Avenue, the property features excellent street visibility with over 175’ of frontage and a combined MPSI of 29,704 cars per day on Empire and Lincoln. This location is strategic and conveniently located across the street from amenity rich Burbank Empire Center (Lowe’s, Target, TJ Maxx, Nordstrom Rack, Michaels, Best Buy, Staples, and several eateries). High ceilings, heavy power and flexible M-2 zoning provide great versatility allowing for a wide range of industrial/manufacturing, media services, and various other commercial uses. There are fourteen parking spaces, three ground level loading doors, and a great mixture of office, warehouse, and showroom. The property has easy access to Hollywood Burbank Airport and is less than one mile from the 5 Freeway entrance. For more information, contact Patrick at (818) 956-7001 x134. Patrick Long DRE #: #01831830. Stevenson Real Estate Services DRE #: 00983560.

Inflation slows in May, with consumer prices up 3.3% from a year ago
https://www.cnbc.com/2024/06/12/cpi-report-june-inflation.html

Fed recap: Chair Powell explains why the central bank isn’t ready yet to cut rates
https://www.cnbc.com/2024/06/12/fed-meeting-today-live-updates-on-june-fed-rate-decision.html

Stevenson Real Estate Services Welcomes David Cooper

As a native of Birmingham, Alabama, David has always been passionate about real estate and helping businesses find their perfect space. After witnessing the growth and transformation of his hometown, David decided to leave the South and embrace the vibrant opportunity of Los Angeles real estate. David met Kris Hons, Chief Operating Officer, who encouraged him to join Stevenson Real Estate Services. For over 60 years, Stevenson Real Estate Services has provided professional real estate brokerage services to buyers, sellers, landlords, and tenants for a broad range of investment and commercial properties throughout Southern California.

Under the mentorship of Patrick Long, Stevenson’s top producing agent, David will represent clients in the acquisition and disposition of office, retail, industrial and multifamily properties as well as landlords and tenants in office, medical, retail and industrial leasing. If you or anyone you know has any commercial real estate needs, please contact David at 818.956.7001 x137 or [email protected]. David Cooper DRE #02206999. Stevenson Real Estate Services DRE #00983560.

Market backs off on hopes for interest rate cuts following strong jobs report

www.cnbc.com

INDUSTRIAL PROPERTY FOR SALE $9,450,000
8950 - 8952 Glenoaks Boulevard
Sun Valley, CA 91352
Brochure: https://stevensonrealestate.com/property-search/?propertyId=1311299-sale
Property Website: https://www.8950glenoaks.com/
Virtual Tours:
8950 Glenoaks Boulevard: https://my.matterport.com/show/?m=hbk8dQD1f2Y
8952 Glenoaks Boulevard: https://my.matterport.com/show/?m=ESowkJCH18M

Outstanding high image facility with a full-service commercial kitchen and large lot! Strategically located at the signalized corner of Glenoaks Boulevard & Penrose Street, this property boasts two hundred feet of street frontage facing Glenoaks with three separate points of access suitable for large vehicles. The structure is approximately 18,900 square feet (per building plans) and divided into two suites: 8950 Glenoaks (approximately 11,520 square feet) and 8952 Glenoaks (approximately 7,380 square feet) each with separate access to a secured yard space. The site features a substantial lot size of 65,524 square feet offering options for expansion and customization to fit your business needs. Whether you are looking for vehicle and material storage, warehouse space, or a central kitchen, this M1-zoned property presents a prime opportunity for a wide variety of uses! Please do not disturb occupants. All showings are by appointment only. For more information, contact Patrick Long at (818) 956-7001 x134. Patrick Long DRE #: 01831830. Stevenson Real Estate Services DRE #: 00983560.

INDUSTRIAL/OFFICE SPACE FOR LEASE $2.25/SF/MO, MG
215 West Palm Avenue, Suites 103 & 203
Burbank, CA 91502
Brochure: https://stevensonrealestate.com/property-search/?propertyId=1368392-lease

2,200 square feet of industrial and office space is available for lease in this gated and secured property. There is a fully air-conditioned warehouse downstairs with 12’ high ceilings, a 10x10 roll up door, and a private restroom. The upstairs office offers flexible open space with an additional private restroom, HVAC, and balcony access. The space comes with two (2) reserved on-site parking spaces, and there is additional unrestricted street parking available. The property is conveniently located less than a mile from Downtown Burbank Media District and major studios with easy access to the 5 and 134 freeways. Operate your business in Burbank and get the advantage of having no gross sales receipts tax and responsive police, fire, and utility services. Please do not disturb the existing occupants. For more information, contact Patrick Long at (818) 956-7001 x134. Patrick Long DRE #: 01831830. Stevenson Real Estate Services DRE #: 00983560.

COMMERCIAL PROPERTY FOR SALE/LEASE
$1,250,000 OR $1.70/SF/MO, MG
329 East Commonwealth Avenue
Fullerton, CA 92832
Brochure: https://stevensonrealestate.com/property-search/?propertyId=1346808-sale
Virtual Tour 1st Floor: https://my.matterport.com/show/?m=JD3JBoHD6fq
Virtual Tour 2nd Floor: https://my.matterport.com/show/?m=A3dcxp2kSP7
Virtual Tour 2nd Floor: https://my.matterport.com/show/?m=oMXk4EtVxpE

The property is an approximately 2,700 square foot freestanding commercial property located on 6,970 square feet of General Commercial zoned land. It features a charming architectural design and a strategic location near Fullerton College, Cal State Fullerton, and Downtown Fullerton. There is ample nine (9)-car on-site parking with access from Commonwealth Avenue and an alley. The property is great for a single owner/user or can be easily separated into multiple suites to create supplemental income. For more information, contact Patrick Long x134 or David Cooper x137 at (818) 956-7001. Patrick Long DRE #: 01831830. David Cooper DRE #: 02206999. Stevenson Real Estate Services DRE #: 00983560.

MULTIFAMILY PROPERTY FOR SALE $2,625,000
5 Units; 4,839 SF of Building on 9,213 SF of Land
547 South Street
Glendale, CA 91202
Brochure: https://stevensonrealestate.com/property-search/?propertyId=1127476-sale

Outstanding opportunity for an owner-user to purchase a property in immaculate condition located north of Glenoaks Boulevard. The property consists of five (5) units including a two bedroom/two bathroom owner's unit and four (4) two bedroom/one bathroom units. The owner's unit has been extensively remodeled with high-end finishes: Santos mahogany solid hardwood floors, plantation shutters and solid wood crown molding throughout the unit; the living room has an Italian marble gas fireplace; the kitchen has Caesarstone countertops, custom, solid-wood maple cabinets, Travertine backsplash, Italian glazed porcelain floor tile and base molding trim, heated floor, Viking professional series range and hood and Miele dishwasher; built-in closets in each of the bedrooms; primary bathroom has a large air jet bathtub, tempered glass, double-slider tub enclosure, solid wood cherry cabinets, two (2) recessed medicine cabinets, Caesarstone countertop with makeup station, Italian glazed porcelain floor and wall tile with base molding trim and chrome Hansgrohe Axor fixtures; guest bathroom has a large walk-in shower with solid corner built-in bench, Caesarstone countertop, tempered glass shower door, solid wood cherry cabinets, recessed medicine cabinet, Italian glazed porcelain floor and wall tile and base molding trim and chrome Hansgrohe Axor fixtures; high-end audio/video system with nine (9) Bowers & Wilkins speakers and one Definitive Technology in-wall subwoofer, all audio/video components installed in a separate, ventilated hallway closet controlled by a programmable radio frequency (RF) remote control; solid wood maple cabinets in hallway; private patio with glazed porcelain floor tile and base molding trim and a separate gas line; recessed lighting throughout; central heating and air conditioning; 5/8" paperless soundproof drywall throughout; Miele washer and dryer; Noritz tankless hot water heater. The entire property has energy efficient vinyl, dual-pane windows; copper pipes installed from city water meter to building (including all units) and laundry room; newer stairs, decking, and railings at the front and the back of the building, concrete driveway and parking area; laundry room on site with leased machines; 5 carports; building and carports recently painted; one (1) workshop and one (1) storage area under staircase. One (1) unit has been upgraded with Caesarstone countertops and porcelain floor and wall tile; two (2) units have been upgraded with custom built-in, solid oak wood kitchen cabinets and Caesarstone countertops. PLEASE DO NOT DISTURB OCCUPANTS. OFFER SUBJECT TO INSPECTION. For more information, contact David "Randy" Stevenson x155, Kris Hons x127 or Patrick Long x134 at (818) 956-7001. David "Randy" Stevenson DRE #: 01228475. Kris Hons DRE #: 01807261. Patrick Long DRE #: 01831830. Stevenson Real Estate Services DRE #: 00983560.

Land For Sale $3,250,000
6011 York Boulevard
Los Angeles, CA 90042
Brochure: https://stevensonrealestate.com/property-search/?propertyId=1323632-sale

20,012 SF of land; outstanding Highland Park development opportunity; approximately 100’ x 200’ lot; possibility to construct office, retail, assisted living, mixed-use (multi-family and commercial) or a small lot subdivision; the property is TOC Tier 3 per ZIMAS; easy access to Highland Park’s two commercial hubs on York Boulevard and north Figueroa Street; ownership conducted extensive soils investigations including a surface fault rupture hazard investigation for a contemplated small lot subdivision and received an approval letter from the Grading Department of the City of Los Angeles Building and Safety Department; the property as currently configured is used as a nursery and a separate single family residence; for more information, contact David "Randy" Stevenson x155 or Kris Hons x127 at (818) 956-7001; David "Randy" Stevenson DRE #: 01228475; Kris Hons DRE #: 01807261; Stevenson Real Estate Services DRE #: 00983560.

SOLD FOR $1,699,386!
CATERING/BANQUET HALL/RESTAURANT PROPERTY
5416 Whitsett Avenue
Valley Village, CA 91607

Ole Olson and Patrick Long represented both seller and buyer in the sale of this 2,332 SF newly remodeled catering, banquet hall and restaurant building on 5,955 SF of land with 10 parking spaces. The space features a full bar area, banquet space, fully adjustable accent lighting, full kitchen with walk-in cooler and dishwashing area, and two restrooms. There is parking in the front and the back of the building. Well located in Valley Village near the corner of Whitsett Avenue and Chandler Boulevard, the property has excellent visibility. For more information, contact Ole x144 or Patrick x134 at (818) 956-7001. Ole Olson DRE #: 01973001. Patrick Long DRE #: 01831830. Stevenson Real Estate Services DRE #: 00983560.

CREATIVE OFFICE/FLEX PROPERTY FOR LEASE
$1.95/SF/MO, Gross
111 West Verdugo Avenue
Burbank, CA 91502
Brochure: https://stevensonrealestate.com/property-search/?propertyId=1348266-lease

Excellent opportunity to lease a single-tenant, creative office/flex building in the heart of Burbank with easy access to the Downtown Burbank Metrolink Station and the 5 Freeway. Located on the corner of West Verdugo Avenue and South Flower Street, the property is approximately 13,944 square feet of building on 27,000 square feet of land with BCCM zoning that allows for a wide range of office/media/industrial uses. The building has two roll up doors, high ceilings and HVAC throughout the entire building. There are several private offices, an open workspace, reception area, kitchenette, 2 dedicated server rooms, and 4 restrooms. There are 21 parking spaces along with excellent street parking. Power: 1200 amps, 3 phase, 3 wire, 240 volts, tenant to verify. For more information, contact Kenny Burns at 818.956.7001 x177. Kenneth Burns DRE #: 01227314. SRES DRE #: 00983560.

COMMERCIAL PROPERTY FOR LEASE $1.25/SF/MO, MG
8140 Sunland Boulevard
Sun Valley, CA 91352
Brochure: https://stevensonrealestate.com/property-search/?propertyId=1351399-lease

Two-story, 15,000 square foot commercial building that was formerly an alcohol/drug rehabilitation facility; C2 zoning allows for a wide variety of medical, office, and retail uses; signage available on pylon sign in front of the building; large parking lot in the back of the building along with good street parking in the back; excellent visibility and vehicular traffic with 33,000 cars per day on Sunland Boulevard; close proximity to the 5 Freeway; for more information, contact Kenny Burns at 818.956.7001 x177. Kenneth Burns DRE #: 01227314. SRES DRE #: 00983560.

RETAIL PROPERTY FOR LEASE $2.77/SF/MO, MG
2310 West Burbank Boulevard
Burbank, CA 91506
Brochure: https://stevensonrealestate.com/property-search/?propertyId=1348608-lease
Virtual Tour: https://my.matterport.com/show/?m=xiUT1if3Tom
Attractive, freestanding 1,625 SF building with modern interior finishes; the space features a great mix of individual offices as well as open space with rear storage and loading; four (4) car on-site parking accessed from the alley; conveniently located less than 2 miles from Downtown Burbank with easy access to the 5 Freeway; for more information, contact Patrick Long at (818) 956-7001 x134. Patrick Long DRE #: 01831830. Stevenson Real Estate Services DRE #: 00983560.

MEDICAL OFFICE SPACE FOR LEASE $2.75/SF/MO
3702 Park Place
Montrose, CA 91020
Brochure: https://stevensonrealestate.com/property-search/?propertyId=1345627-lease

Outstanding opportunity to lease ground floor, medical office space with excellent parking in Montrose. The 1,774 SF suite was previously a physical therapy clinic and has four (4) private therapy rooms, two (2) restrooms, break room, storage room, reception area, and open area. The building has high ceilings, exposed HVAC ducting and architectural lighting. There are five (5) parking spaces on-site for the suite along with excellent street parking. Monument and suite signage are available. For more information, contact Randy Stevenson x155 or Kris Hons x127 at (818) 956-7001. Randy Stevenson DRE #: 01228475. Kris Hons DRE #: 01807261. Stevenson Real Estate Services DRE #: 00983560.

MULTIFAMILY PROPERTY FOR SALE $2,475,000
1937 17th Street
Santa Monica, CA 90404
Brochure: https://stevensonrealestate.com/property-search/?propertyId=961435-sale
Six units; 4,840 SF of building on 7,746 SF of land; property consists of two separate structures, a double-car garage plus eight open parking spaces serviced by a rear alley; the front building has five units including one 3 BD/1 & 1/2 BA unit and four 2BD/1BA units; the rear building is a 2 BD/1 BA single family house; great rent income upside on tenant turnover; for more information, contact Ante Trinidad at 818.956.7001 x130. Ante Trinidad, MRED DRE #: 00704267. Stevenson Real Estate Services DRE #: 00983560.

OFFICE BUILDING SOLD FOR $2,175,000!
12439 Chandler Boulevard
Valley Village, CA 91607

Patrick Long and Ole Olson represented the seller and buyer in the sale of this 3,000 square foot office building on 6,003 square feet of land. Fully renovated with modern finishes, this stand-alone commercial property is centrally located to Burbank, Studio City, Toluca Lake, and Sherman Oaks. Easy access to the 170 & 101 freeways. This one-of-a-kind property boasts a great mix of glass front private offices, bullpen areas, and break rooms flush with natural light throughout. Polished concrete floors and modern exposed ceilings with skylights. 11 striped parking spaces with the ability to park up to 16 vehicles via tandem parking. For more information, contact Patrick x134 or Ole x144 at (818) 956-7001. Patrick Long DRE #: 01831830. Ole Olson DRE #: 01973001. Stevenson Real Estate Services DRE #: 00983560.

CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago.
https://www.cnbc.com/2024/05/15/cpi-inflation-april-2024-consumer-prices-rose-0point3percent-in-april.html

INDUSTRIAL PROPERTY SOLD FOR $2,510,000!
7321 Atoll Avenue
North Hollywood, CA 91605

Ante Trinidad, MRED represented the buyer in the sale of this 8,330 square foot industrial building on 12,799 square feet of land. For more information, contact Ante at 818.956.7001 x130. Ante Trinidad, MRED DRE #: 00704267. Stevenson Real Estate Services DRE #: 00983560.

OFFICE BUILDING FOR SALE $2,500,000
12439 Chandler Boulevard
Los Angeles, CA 91607

Brochure: https://stevensonrealestate.com/property-search/?propertyId=1282168-sale
Virtual Tour: https://my.matterport.com/show/?m=kfM2hiwMYXU

3,000 SF of building on 6,003 SF of land; fully renovated with modern finishes, this stand-alone commercial property is centrally located to Burbank, Studio City, Toluca Lake, and Sherman Oaks; easy access to the 170 & 101 freeways; this one-of-a-kind property boasts a great mix of glass front private offices, bullpen areas, and break rooms flush with natural light throughout; polished concrete floors and modern exposed ceilings with skylights; 11 striped parking spaces with the ability to park up to 16 vehicles via tandem parking; for more information, contact Patrick Long x134 or Ole Olson x144 at (818) 956-7001. Patrick Long DRE #: 01831830. Ole Olson DRE #: 01973001. Stevenson Real Estate Services DRE #: 00983560.

Fed keeps rates steady as it notes ‘lack of further progress’ on inflation https://www.cnbc.com/2024/05/01/fed-rate-decision-may-2024-.html

https://www.cnn.com/2024/04/25/economy/first-quarter-gdp-economy/index.html

US economy grew by just 1.6% in the first quarter, a much slower pace than expected | CNN Business The US economy cooled more than expected in the first quarter of the year, but remained healthy by historical standards. Economic growth has slowed steadily over the past 12 months, which bodes well for lower interest rates, but the Federal Reserve has made it clear it’s in no rush to cut rates.

Peak 1031 Exchange advocates for preservation of 1031 exchanges
https://peakexchange.com/peak-1031-exchange-advocates-for-preservation-of-1031-exchanges-in-response-to-biden-administrations-2025-budget-proposal/

https://1031buildsamerica.org/take-action/

Tell Congress: 1031 Like-Kind Exchanges Matter Take Action! Tell Congress: Like-kind exchanges benefit millions of Americans every year, encourage businesses to expand and help keep dollars moving in the U.S. economy.

FOR SALE $2,000,000
CATERING/BANQUET HALL/RESTAURANT PROPERTY
5416 Whitsett Avenue
Valley Village, CA 91607

Brochure & Virtual Tour: https://stevensonrealestate.com/property-search/?propertyId=1341155-sale

2,332 square foot newly remodeled catering, banquet hall and restaurant building on 5,955 square feet of land with 10 parking spaces. Potential uses include an event venue, restaurant, art studio, ghost kitchen, dance studio, adult day care and more. Rare opportunity for a buyer to operate their business in this fully outfitted facility that includes the kitchen equipment! The space features a full bar area, banquet space, fully adjustable accent lighting, full kitchen with walk-in cooler and dishwashing area, and two restrooms. A full inventory list is available upon request. There is parking in the front and the back of the building. Well located in Valley Village near the corner of Whitsett Avenue and Chandler Boulevard, the property has excellent visibility. For more information, contact Patrick Long x134 or Ole Olson x144 at (818) 956-7001. Patrick Long DRE #: 01831830. Ole Olson DRE #: 01973001. Stevenson Real Estate Services DRE #: 00983560.

COMMERCIAL PROPERTY SOLD FOR $1,700,000!
1802 - 1806 Victory Boulevard
Glendale, CA 91201

Patrick Long, Randy Stevenson and Kris Hons represented the seller and buyer in the sale of this commercial property with three separate structures totaling approximately 3,552 square feet situated on 5,998 square feet of land (per Assessor). The property features a mix of office, retail, and audio recording space. The zoning is IMU (Industrial Mixed Use) which is flexible and allows for a wide variety of uses. For more information, contact Patrick x134, Randy x155 or Kris x127 at (818) 956-7001. Patrick Long DRE #: #01831830. Randy Stevenson DRE #: 01228475. Kris Hons DRE #: 01807261. Stevenson Real Estate Services DRE #: 00983560.

COMMERCIAL PROPERTY SOLD FOR $1,500,000!
1808-1810 Victory Boulevard
Glendale, CA 91201
Patrick Long, Randy Stevenson and Kris Hons represented the seller in the sale of this 3,012 square foot commercial property with two separate structures situated on 5,998 square feet of land (per Assessor). The property features a structure fronting Victory Boulevard great for office or retail use as well as a two-unit industrial building at the rear of the site. There is easy access from Victory Boulevard as well as from the alley. The zoning is IMU (Industrial Mixed Use) which is flexible and allows for a wide variety of uses. For more information, contact Patrick x134, Randy x155 or Kris x127 at (818) 956-7001. Patrick Long DRE #: #01831830. Randy Stevenson DRE #: 01228475. Kris Hons DRE #: 01807261. Stevenson Real Estate Services DRE #: 00983560.

MULTIFAMILY PROPERTY SOLD FOR $1,575,000!
5600 Buchanan Street
Los Angeles, CA 90042

David "Randy" Stevenson and Kris Hons represented the seller in the sale of this eight-unit multifamily property in Highland Park just off of York Boulevard; the property has an excellent unit mix: one 3+3, one 3+2, one 2+2, and five 1+1; six garages; for more information, contact Randy x155 or Kris x127 at (818) 956-7001. David "Randy" Stevenson DRE #: 01228475. Kris Hons DRE #: 01807261. Stevenson Real Estate Services DRE #: 00983560.

US wholesale inflation heated up again last month | CNN Business A key US inflation gauge increased last month at its fastest pace since April 2023, showing that underlying price pressures remain persistent.

Stubbornly high US inflation grew stronger than expected in March | CNN Business Surging gas prices and sky-high mortgages and rent sent inflation rising more than expected in March, adding to Americans’ prolonged and painful battle with high costs. That could force the Federal Reserve to keep its punishing rates higher for longer.

Employers added 303,000 jobs in March, surging past economic forecasts Wall Street is closely watching the jobs report and next week's inflation data to predict when the Fed might cut rates.