Iconic Investments Peter Strauss

Iconic Lists The Westlake Portfolio

Iconic Lists The Westlake Portfolio

The Westlake Trio is a value-add, 3-property multifamily portfolio, located in the revitalizing Westlake neighborhood of Los Angeles. The portfolio consists of 672 S. Rampart Boulevard, and 718 & 722 South Alvarado Street, and altogether comprises 115 apartment units and 8 retail spaces across

Iconic Closes St Andrews Apartments

Iconic Closes St Andrews Apartments

Iconic is pleased to announce the sale of St Andrews Apartments in Koreatown. The property sold at $6,235,000 which equates to $283,409 per unit, $333 per square foot and a 16.26 GRM. In addition to the purchase price the buyer was responsible to complete the earthquake retrofit work in excess of $350,000.

Iconic Lists - Development Opportunity

Iconic Lists - Development Opportunity

Iconic is pleased to present for sale The Vales, a small lot subdivision opportunity in LA’s thriving Hollywood submarket. Located at 4331 Burns Ave., between Vermont Blvd. and Virgil Ave., the parcel of land is roughly 9,569 square 

Iconic Lists - The Commonwealth in Koreatown

Iconic Investments is pleased to be marketing for sale The Commonwealth Apartments, a 12-unit property located at 441 S. Commonwealth Ave. in LA’s thriving Koreatown. This is an excellent opportunity for investors who want to capitalize on this submarket’s soaring popularity.

Trash Talk- Monopoly Coming to LA

Trash Talk- Monopoly Coming to LA

Beginning in January of 2018, the City will be divided into 11 franchise zones controlled by seven companies. Private trash companies will have the exclusive right to service multi-family properties within their zone. Zero Waste LA extends this monopoly to service businesses, office, retail and industrial properties. 

Iconic Sells Villa Girasol in Koreatown

Iconic Sells Villa Girasol in Koreatown

Iconic Investments sold Villa Girasol, a 16-unit apartment property in L.A.’s hot Koreatown submarket, for $2,330,00 million. The sales price for 974 S. Catalina St. equates to $145,625 per unit and $327.24 per square foot. The gross rent multiplier (GRM) is 12.28 and the cap rate is 4.2 percent.

Q & A with Economist William Yu on What LA Faces in the Year Ahead

Q & A with Economist William Yu on What LA Faces in the Year Ahead

The way ahead in Los Angeles requires denser development that would ease the supply issues that make housing unaffordable for so many LA residents, according to UCLA Anderson Forecast economist William Yu. Peter Strauss of Iconic Investments chatted with William about his expectations for the coming year. Peter gave Bisnow an exclusive look. 

UCLA Economic Forecast December 2016

UCLA Economic Forecast December 2016

Iconic Investments attended the UCLA Anderson Forecast presentation on December 6, 2016. The main theme of the 2017 forecast was “Trumponomics” - how Donald Trump's fiscal policy will affect the US economy, and the elements of his plan. Post-Election, the financial markets have seen an immediate and sharp rise in the stock indices,