LOS ANGELES, CALIFORNIA – Quest Realty Group, Inc. (“QRG”) is pleased to announce the recent sale of their rare generational mixed-use investement, Kenneth Village, located at 1405-1411 Kenneth rd in Glendale, California . The 16500 sf property features a total of 15 Units; 7 Apartment & 8 Commercial Units Located on a 3 Parcel 12,379 Square Foot Lot Kenneth Village has a long tradition of serving the surrounding community since the 1920’s. Most of the apartments have been upgraded while sustaining the 1920’s charm. A Quest Realty Group investment company, purchased the property in 2013 and sold the investment for xxxxxxx in June 2019. The transaction was brokered by Neema Ahadian at The Neema Group.
The QRG strategy was to add value by re-positioning the the in line retail space with trendier service retail concepts, cosmetically improving the property and working with the Kenneth Village community to improve overall traffic to the Village.
The value strategy was extremely successful in the 6 years that Quest owned the property. Trendy tenants were brought into Kenneth Village and the property as well by Quest and traffic increased substantially. In 2013 Kenneth Village was a sleepy neighborhood retail destination with some vacancy and odd retail concepts. Today Kenneth Village is thriving destination with trendy street cafes, yogurt shops, yoga studios, and boutique retail. While Quest cannot take all the credit, it was instrumental in making Kenneth Village the thriving area it is today.
Quest Realty Group, Inc. is a real estate investment and asset management company based in the San Fernando Valley in CA. President and founder, Ken Leon, oversees operations, acquisitions, dispositions and corporate business development Mr. Leon began his real estate career on the court house steps buying foreclosures at auction in the mid-1990’s and has since made his mark in the industry by specializing in mismanaged or under- utilized properties. His real estate savvy combined experience in property management, construction management and real estate finance have been instrumental in Quest Realty Group success acquiring and remodeling/developing over 1,000 multi-family units, 10 commercial properties, and six ground-up development projects. The investment group has transacted over $350 million worth of real estate and currently has a portfolio over 400,000 SF of, retail and office properties in Southern California, Nevada, Pennsylvania, and Florida. For more information please contact Quest at (818) 501-8059.