The lot on the southwest corner of Santa Monica and La Cienega boulevards that for decades was the location of Al & Ed’s Autosound, and the lot behind it, have been sold for $22.5 million.
The sale was first reported by Connect California, a commercial real estate news site.
According to Commercial California, the 30,146-square-foot site was purchased by a real estate development firm, whose identity was not disclosed. The buyer was represented by CBRE’s Chris Tresp. The sellers, a family that had owned the property for a long time, was represented by CBRE’s Matthew Greenberg, Alex Kozakov and Pat Wade.
The property spans West Hollywood and Los Angeles. The two-story building on La Cienega Boulevard behind the Al & Ed’s building houses a number of small businesses including Celebrity Cleaners dry cleaner, Margie Haber Studio, Chabad of Hollywood West, LA Business Consulting account and tax management, and Daniel Knowles Vocal Studio, among others.
Al & Ed’s Autosound has been in business since 1954 and still has other locations
Well if the Weho planning commission has no idea who bought the property any no idea of the intended use, This buyer and the details should get EXTRA DETAILED SCRUTINY both for cause, and in this one case for politics. $22 Million spent & the city has no information. Holding true, the Planning Comittee should reject 3 to 5 of the first proposed design for whatever may be this mystery buyer’s plans. BTW the sidewalks are too narrow for individual walkers. I gather that’s Los Angeles. Nonetheless, the narrow sidewalks SHOULD BE REASON TO BE EXTRA CAREFUL REVIEWING THE FUTURE… Read more »
It was a auto stereo store. What could be worse? Lighten up.
Something oversized with heavy traffic in an out of that lot, as well as the likelihood not enough parking. The eyesore we all know as al&Eds has very little business w customers, plenty of parking for the non existent customers and was an additional waiting place for the south bound bus doww LA Cienega. At the actual stop, there is a sign, making the already strangely way too narrow of a side walk, wide enough at the sign for one person to turn sideways to walk and not hit the sign. Also the waiting area on front of a carpet… Read more »