Will the Historic Bel Air grocery building become luxury condos?

The property hit the market for first time in six decades

TRD LOS ANGELES /
Sep.September 07, 2017 08:00 AM
Bel Air Foods at 2323 Roscomare Road (credit: Google Maps)

The commercial building that houses Bel Air Foods has hit the market for the first time since 1952 — without an asking price.

The 11,000-square-foot property at 2323 Roscomare Road is being marketed as “ideal for redevelopment.” However, a luxury condo development cannot rise on the site anytime soon. Bel Air Foods, along with two other tenants, have the building leased until 2021, Curbed reported.

Marketing materials spin this as a positive, mentioning the “added bonus of generating income” while the new buyer goes through the permitting process.

The parcel is owned by Spear Bel Air Properties, property records show.

Michael Preiss and Erica Taylor of rsf LA have the listing. [Curbed] – Natalie Hoberman


Related Articles

arrow_forward_ios
Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

Hadid and the home (Credit: Getty Images)

Hadid: I must continue building Bel Air mansion to satisfy creditors

Mohamed Hadid and his spec mansion (Credit: Getty Images)

Mr. Hadid: Tear down that mansion, judge rules

Mohamed Hadid says he can’t pay to tear down his mansion (Credit: Getty Images, iStock)

Hadid says he’s too broke to tear down megamansion

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

Jeffrey Yohai and 779 Stradella Road

Jeffrey Yohai gets 9 years for real estate schemes

Clockwise from top left: 709 N. Arden Drive, 800 Nimes Road, 12921 Marlboro Street, 609 Palisades Beach Road and (center) 924 Bel Air Road

Here are the priciest resi sales in LA County last week

Bruce Makowsky sold his mansion Thursday at half its original asking price.

“Billionaire” mansion sale is the latest fail in “ego pricing:” brokers

arrow_forward_ios