A West Adams retail center built in 1924 sold for $6.6 million, or $295 a square foot, to a buyer who plans to convert the 22,400-square-foot site into a senior day care center.
The seller, West Hollywood’s Washington-Western, was represented by Parham Khoshbakhtian, senior vice president at NAI Capital. Buyer Emunah Investments, based in the Fairfax District, was represented by Specialized Realty Inc. The brick-clad property, located about two miles from USC near the 10 freeway, last sold in 2005 for $3.2 million.
As a condition of the sale, NAI cleared out the retail tenants, including a flooring company and legal services business.
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