Blog #sell

Measure ULA passed in the November election and it increases the transfer tax of real estate (commercial as well, not just residential) sold for $5 million and more which is located within the City of Los Angeles.  

The new tax imposes an additional 4% transfer tax for commercial properties valued $5 to $10 million and an additional 5.5% for commercial properties valued at $10 million or more. The tax applies even if the property is sold at a loss.

This new tax takes effect April 1st, 2023. To explore your selling options before this tax takes effect, contact me now.

The Los Angeles / Long Beach Industrial Real Estate market experienced more of the same, high demand and low supply.  Sale prices and lease rates for warehouses and industrial properties continue to set all time highs.  Click below for full report.

Ron Mgrublian of Lee and Associates was able to arrange the leasing of 2925 Seaboard Lane in North Long Beach, California.  The tenant able to secure much needed overflow space for PPE products and the owner was able to lease vacant space short term.  If you are an owner looking to sell or lease warehouse or industrial real estate property or a tenant looking to buy or lease, contact Ron now.