Financial News
WESTMAC COMMERCIAL BROKERAGE COMPANY ARRANGES $800,000 SALE IN CULVER CITY
September 24, 2025 at 03:00 AM EDT
LOS ANGELES, CA, September 24, 2025 /24-7PressRelease/ -- WESTMAC Commercial Brokerage Company is pleased to announce the sale of 2656-2662 ½ La Cienega Avenue in Culver City, Los Angeles, California. The property sold for $800,000.
The buyer, BLRS Equities, acquired the asset as part of an IRS 1031 tax-deferred exchange. The property consists of an ±5,682-square-foot apartment building situated on an ±5,759-square-foot lot and includes eight residential units.
"The sale brought closure to a long-term affordable housing investment that began with support from the City of Los Angeles following the 1994 Northridge earthquake," said T.C. Macker, CCIM of WESTMAC. "The buyer acquired the asset at a low price point and low price per unit, though subject to rent control and nearing the expiration of a 30-year City Regulatory Agreement."
T.C. Macker, CCIM, and Woody Cook of WESTMAC Commercial Brokerage Company represented the Seller in the transaction.
About WESTMAC Commercial Brokerage Company
WESTMAC Commercial Brokerage Company is a Los Angeles based commercial real estate brokerage firm founded in 1988 by one of L.A.'s most recognized commercial real estate brokers Timothy C. Macker. Our firm is a full-service real estate company that provides exemplary consultation, advisory and marketing services to property owners, users, developers and investors. From 2001 until 2018, the company was affiliated with and a franchisee of Coldwell Banker Commercial before returning to its roots, as WESTMAC Commercial Brokerage Company.
Our 30+ professionals specialize in four distinct market niches: office, industrial, retail and multi-family properties. Among the primary services the firm provides are exclusive marketing of both for-sale and for-lease properties, representation of tenants seeking to lease commercial space, and consultation to real estate investors, developers and owners on the disposition or acquisition of commercial property.
Our standard is "The client's best interest must be the guiding force behind all services."
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