85.7 F
San Fernando
Monday, May 16, 2022

Former Coco’s Location in Calabasas Trades for $3.3 Million

A property that served as the longtime host of a Coco’s restaurant has sold for $3.28 million in Calabasas.The 1977-built vacant restaurant building is located at 4895 N. Las Virgenes Drive. The building has 6,243 square feet on a 59,463-square-foot property.Michael Sharon of illi Commercial Real Estate handled the transaction on behalf of the sellers, private entities Hameramir LLC and Planet Estate Realty LLC. The buyer, a restaurant named Salsa and Beer, was represented by Remax Commercial's Tal Yona and Fernanda Otalora.Comparable transactions in the region include the 6,466- square-foot building at 22822 Ventura Blvd. in Woodland Hills, which sold in December for $3.65 million; and a 4,630-square-foot retail property at 19501-19505 Ventura Blvd. in Tarzana that sold in November for $1.86 million.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

Featured Articles

Related Articles