Back Home10-UNIT MULTIFAMILY PROPERTY SOLD!
852 Sanborn Avenue
Los Angeles, CA 90029
Randy Stevenson and Kris Hons represented both the seller and buyer in the sale of this rare, bungalow-style, 10-unit property in Silverlake. It consists of five (5) duplexes and ten (10) 1+1 units. The units are separately metered for electricity and gas, and there is a tremendous upside in rents. The property is well located just less than 1/2 mile from Sunset Junction. 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.
SOLD FOR $1,300,000!
Fed lifts interest rates by 1/2 point and begins wind down of $9 trillion bond stockpile in June
In the post World War Two era, the Fed has never reduced inflation running at such a high level without triggering a downturn. Powell and other senior Fed officials insist they can achieve a so-called soft landing, central-bank lingo for lowering inflation while keeping an economic expansion intact. Full Story
Federal Reserve approves first interest rate hike in more than three years, sees six more ahead
The policymaking Federal Open Market Committee said it will raise rates by a quarter percentage point, or 25 basis points. Full Story
Stevenson Real Estate Services Welcomes Kenny Burns
After 15 years in the banking software industry, Kenny Burns decided to go back into real estate brokerage and has returned to Stevenson Real Estate Services in Glendale. For 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 the Southern California Region. Kenny represents clients in the acquisition and disposition of office, retail, industrial and multi-family 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 don’t hesitate to contact Kenny at 818.956.7001 x177. Kenneth Burns DRE #: 01227314. Stevenson Real Estate Services DRE #: 00983560.LA County extends eviction protections for pandemic-impacted tenants through end of year
Beginning April 1, the county will reinstate protections for renters who fail to pay their rent. But starting June 1, the protection for non-payment will be provided only to lower-income tenants — those who make up to 80% of AMI, the area median income. Full Story
SOLD FOR $6,025,000!
Commercial/Production Building; 3917 W. Burbank Blvd. in Burbank; Mark Miller represented the seller in the sale of this 12,500 square foot building on 22,442 square feet of land; great corner location with gated on-site parking for 34 cars; 6,500 square feet of production and post production space and 6,000 square feet of open area. For more information, contact Mark at (818) 956-7001 x133. Mark Miller DRE #: 00689650. Stevenson Real Estate Services DRE #: 00983560.
PATRICK LONG IS #1 PRODUCER FOR 2021
Stevenson Real Estate Services recognizes Patrick Long as the company’s #1 producer for 2021. Patrick has been with the company for 14 years and brings a breadth of knowledge and expertise to all of his transactions. He is client oriented and represents Buyers, Sellers, Tenants and Landlords in all types of property: land, office, industrial, retail, apartments, specialty properties and even the occasional single-family home. As an investor and property owner himself, Patrick knows firsthand the needs and challenges of owners and tenants alike. We congratulate Patrick on an outstanding year and look forward to his continued success. If you are looking for exceptional representation in your next commercial real estate transaction, Patrick can be reached on his cell at (818) 535-9833.
Patrick Long
Vice President
DRE #: 01831830
Office: 818.956.7001 x134
Cell: 818.535.9833
Stevenson Real Estate Services
DRE #: 00983560
1111 North Brand Boulevard, Suite 250
Glendale, CA 91202
25060 Madison Avenue in Murrieta SOLD FOR $8,500,000!
Kris Hons and Randy Stevenson represented the buyer in the sale of this 20,750 SF retail building on 94,090 SF of land; single-tenant NNN building occupied by Smart & Final since 2003; the building is located in Madison Square Shopping Center with Best Buy and Sportsman’s Warehouse; additional nearby retailers include Home Depot, Big Lots, 99 Cents Only Store, Ashley Homestore, Kohl’s, Lowe’s and Walmart; highly-visible, signalized corner adjacent the 15 Freeway; 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.
SOLD FOR $15,200,000!
PLAZA 111
107-117 E. Broadway & 105-113 N. Artsakh Ave.
Glendale, CA 91205
Mark Miller represented the seller in the sale of this three-level office/retail property with ground floor retail including King Taco, Khinkali House Dumplings, Gabriella’s New York City Pizza and Studio Kay along with second and third floor office space. There is a passageway which provides access between Brand Boulevard and Artsakh Avenue, and to the City parking structure with approximately 694 parking spaces and 90 minutes free parking. Located in the heart of Downtown Glendale in The Exchange, Plaza 111 is walking distance to an abundance of restaurants, shops, entertainment venues and services including heavily trafficked Brand Boulevard as well as The Americana at Brand and Glendale Galleria. For more information, contact Mark at (818) 956-7001 x133. Mark Miller DRE #: 00689650. Stevenson Real Estate Services DRE #: 00983560.
