Historic Larchmont building sold for first time in 50 years
By Jack Brownlee
On the corner of Larchmont and Beverly boulevards sits a two-story building built in 1921. With a Spanish tile roof, wooden window shutters, and ornate metal balconies, it’s an architectural artifact rarely seen in our modern world. The property, at 251 N. Larchmont Blvd., was sold for the first time in more than 50 years in March for $9.6 million.
PROPERTY AT 251 N. LARCHMONT BLVD. (right) when it was home to The B&L Drug Co. in 1952.
Photo courtesy Larchmont Boulevard Association
The Fenady family of Hancock Park owned the building until that point. Andrew J. Fenady was a writer of Western films, television, and novels. He wrote out of the second floor of the building, which he purchased in 1968. His son Duke joined him at his production company, Fenady Associates, in 1983. The two had offices in the building for decades. The senior Fenady died in 2020, leaving Duke in control of the Larchmont building.
Coldwell Banker Realty has been the first-floor tenant since 1975. They recently moved just up the street on Larchmont Blvd. “It truly is an end of an era for this corner,” said Daniel Signani of Coldwell Banker. The vacancy at such a prime location is sure to draw the attention of many businesses looking to expand into the Larchmont area.
From the 1920s, the building was home to a series of drug stores. In the 1960s, it was home to a Winchell’s Donut House.
Arash Danialifar is the new owner of the building. His real estate company, GD Realty, has acquired commercial properties across the Greater Los Angeles area since its founding in 2006. One such property is 215 N. Larchmont Blvd., a four-tenant building which houses Rhodes School of Music, Burger Lounge, Faherty Clothing, and Eli Massage.
Category: Real Estate
