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Wholesale prices rose 0.2% in October, less than expected, as inflation eases

November 15, 2022

Wholesale prices increased less than expected in October, adding to hopes that inflation is on the wane, the Bureau of Labor Statistics reported Tuesday. Full Story

Consumer Prices Rose Less Than Expected

November 10, 2022
The index increased 0.4% for the month and 7.7% from a year ago. Estimates were for rises of 0.6% and 7.9%. Full Article

Fed delivers big rate hike, signals possible smaller increases ahead

November 02, 2022

The Federal Reserve raised interest rates by three-quarters of a percentage point as it continued to battle the worst outbreak of inflation in 40 years, but signaled future increases in borrowing costs could be made in smaller steps.  Full Story

OFFICE/RETAIL PROPERTY FOR SALE $2,650,000

November 01, 2022
4612 – 4614 San Fernando Road
Glendale, CA 91204
Outstanding 2,665 square foot office/retail building in Glendale along the San Fernando Road corridor with 7 parking spaces, plus an approximately 2,400 square foot, fenced yard. Previously a contractor’s office with yard, but well suited to a wide range of other uses. Originally constructed in 1917, but completely renovated in the early 1980s including new windows, doors, drywall, wiring, electric panels, and plumbing. Attractive, two-story, wood-frame construction with brick veneer and a gable roof with dormer windows. An interior stairwell connects the 1st and 2nd floors for a single user, or close the door to accommodate two tenants: 1,465 square foot ground floor; 1,200 square foot 2nd floor. Separately metered for gas and electricity. The ground floor HVAC unit was replaced in 2012. The upstairs HVAC unit was replaced in 2022. The roof was replaced in 2013. The property has been well maintained and is in good condition. The property is currently leased to one tenant on a month-to-month basis. For more information, contact Steve at office: 818.956.7001 x162 or cell: 818.621.8245; Stephen M. Baker DRE #: 00981810; Stevenson Real Estate Services DRE #: 00983560.

RETAIL PROPERTY SOLD FOR $1,237,500!

October 31, 2022

2435 – 2439 East Colorado Boulevard
Pasadena, CA 91107
Kris Hons and Randy Stevenson represented the seller and buyer in the sale of this retail property located just east of Sierra Madre Boulevard in the City of Pasadena. The property is deemed to be a total of 3,198 square feet of building on 8,129 square feet of land. The zoning is ECSP-CG-5-AD-2. For more information, contact Kris x127 or Randy x155 at (818) 956-7001. Kris Hons DRE #: 01807261. Randy Stevenson DRE #: 01228475. Stevenson Real Estate Services DRE #: 00983560.

OFFICE PROPERTY FOR SALE $4,750,000

October 22, 2022
9116 Sunland Boulevard
Sun Valley, CA 91352
High image professional office building built in 2003! The property is two levels and 14,631 SF of building on 36,527 SF of land. Currently occupied by two separate tenants and suitable for owner/users or investors, the property features beautiful interior and exterior finishes, 46 striped parking spaces (over 3 spaces/1,000 SF), an elevator, multi-tenant metering, balcony walkways, and approximately 170 feet of frontage on Sunland Boulevard! This is a tremendous opportunity for a corporate headquarters or a variety of other uses. Conveniently located between Burbank and Shadow Hills near the 5 Freeway with easy access to the 210 Freeway. PLEASE DO NOT DISTURB OCCUPANTS. CALL BROKER TO SCHEDULE A TOUR. For more information, contact Patrick Long at (818) 956-7001 x134. Patrick Long DRE #: 01831830. Stevenson Real Estate Services DRE #: 00983560.

MULTIFAMILY PROPERTY FOR SALE $1,500,000

October 21, 2022
1213 Mariposa Street
Glendale, CA 91205
Five (5) units; small multifamily property available just north of Adams Hill; the property consists of one (1) 3 bedroom/1 bathroom house, one (1) 1 bedroom/1 bathroom, three (3) studios (one of which is in a detached structure) and an unpermitted unit in a converted garage; significant amount of upside in rental income; the interior of the detached studio has been completely demolished and is ready to be rebuilt; great opportunity to improve and reposition the entire property; 2,958 square feet of building on 7,550 square feet of land; built in 1912/1923; 1 tandem parking space; please do not go on the property or disturb the tenants; submit offer subject to inspection. 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.

RETAIL PROPERTY SOLD FOR $1,050,000!

October 20, 2022
9925 Commerce Ave., Tujunga, CA
Patrick Long represented the buyer; 1,680 SF building on 2,672 SF of land; 2-units; contact Patrick Long at (818) 956-7001 x134. DRE #: 01831830. SRES DRE #: 00983560. #commercialproperty #commercialrealestate

Office/Flex Property SOLD FOR $1,915,000!

October 19, 2022
711 South Main Street
Burbank, CA 91506
Patrick Long represented the seller in the sale of this freestanding office/flex building located in the Burbank Rancho District; approximately 2,820 square feet of building on 6,097 square feet of land with parking striped for six (6) spaces; Rancho Business Park (RBP) zoning allows for a wide array of uses; property was built in 1989; easy access to the 5 Freeway and Downtown Burbank; for more information, contact Patrick Long at (818) 956-7001 x134. Patrick Long DRE #: 01831830. Stevenson Real Estate Services DRE #: 00983560.

Commercial Land SOLD FOR $12,000,000!

October 11, 2022
1131 – 1139 North Brand Boulevard
Glendale, CA 91202
Randy Stevenson and Kris Hons represented both the seller and buyer in the sale of almost one acre of land on North Brand Boulevard; approximately 175’ feet of frontage; C3 III zoning with 90’/6-story height limit; close proximity to a bevy of amenities including Trader Joe’s, Walgreens, Coffee Bean and Tea Leaf, Citizens Business Bank, Mignon Chocolate, and Gravel florist not to mention a number of restaurants, medical service providers and personal services; 38,654 SF of land; APNs: 5647-003-006, 007 & 008; for more information, contact Randy x155 or Kris x127 at (818) 956-7001. Randy Stevenson DRE #: 01228475. Kris Hons DRE #: 01807261. Stevenson Real Estate Services DRE #: 00983560.