Charlotte Lipson properties for sale; Boulevard in jeopardy?

| April 26, 2018 | 0 Comments

VINCENT Hair Salon is located at the La Bonte building on Larchmont Boulevard.

Small-town Larchmont Boulevard as we’ve known it for years and years may be in jeopardy.

The estate of the late Charlotte La Bonte Lipson is selling the late landlord’s building at 124 to 148 N. Larchmont, home to a dozen-plus shops, including Chevalier’s Books, Landis Stationery, salons and boutiques.

The asking price is $23 million, and reviews of offers were scheduled to begin after April 24.

Charlotte’s father, Julius La Bonte, and a partner purchased the seven lots comprising the building in 1921. The move is credited with starting the area’s business district, which soon grew to 30 stores between First Street and Beverly Blvd., according to reports. Julius at one time owned 70 percent of the buildings on the Boulevard. After the Depression, he sold all his properties except for the ones he owned outright. These are now for sale for the first time.

Oversight of the property passed to Charlotte in 1968. She died in July 2017, one day after her 100th birthday. Like her father, she offered lower-than market rents and turned down several offers to sell.

The offering price per square foot is $1,343, high for this type of property, according to local real estate man Bob Day.

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