431 N. La Cienega is the 32,574 square foot piece of land that is the home to Royal Car Wash. The property is ideally located between Beverly Boulevard and Melrose Avenue on La Cienega Blvd, next to the Beverly Center. As a result of its prime location, the owners received multiple offers to purchase the property off-market, which they worked on for a year. Due to their unsuccessful attempts to try and sell the property off-market, the Sellers hired our team. Within 30 days, we were in escrow at a significantly higher price. In addition to the successful marketing, we were more importantly able to insulate the Seller from a significant price reduction and position the Seller to close the escrow at a record breaking sales price of $652.36 per SF.

• Sales Price: $21,250,000

• Product Type: Land

• Size: 32,574 SF | .74 AC

• Price / SF: $652.36