SoldBroker Activity · Entry № 106

BH Properties Exits an Office Building.  

Olson Homes just bought a 2004 Office Building in Monterey Park to Tear Down and Build Homes.

PublishedAugust 25, 2026
StatusSold · Just Closed
DatelineThe Tape · Monterey Park, Los Angeles
2100 Saturn St hero photo
Image via Google satellite imagery.
Four takeawaysFour things an operator takes from this trade
  1. $7.95 million on August 1.This is a two-property portfolio. Sale condition is redevelopment. Proposed use is single-family.
  2. 28,827 SF of Class B office. Built 2004.Three stories. $276 a foot on the building. $132 a foot on the land.  SOLD FOR LAND VALUE.
  3. The buyer is Olson Homes out of Seal Beach.The seller is BH Properties, BHE 601 Potrero Grande LLC. They held it 51 months. Ryan Campbell at NAI Capital was on the buy side. Andrew Harper, Jeff Bramson, and Will Poulsen at JLL listed it.
  4. No GRM. No cap. No asking price on the file.The $7.95 million is an allocated number, not a standalone ask-to-close. I do not have the other property in the portfolio.
Deal Stats · 2100 Saturn St
Sale Price
$7,949,163
confirmed, closed Aug 1 2026
Price / Land SF
$71.94
per SF of lot
Price / Acre
$3,133,670
1.38 acres total
Price / Bldg SF
$275.75
28,827 gross SF
Lot SF
60,113 SF
1.38 acres, S-P zoning
Year Built
2004
3-story Class B office
Vacancy at Sale
100%
building fully vacant
ULA Transfer Tax
$317,967
above ULA threshold
Seller
BH Properties, LLC
recorded: BHE 601 Potrero Grande LLC
Buyer
Olson Homes
SFR infill developer, Seal Beach CA

The Location

2100 Saturn St sits in Monterey Park, a dense, predominantly Asian-American suburb that hugs the eastern edge of the City of Los Angeles in the San Gabriel Valley. 

For a single-family infill developer, it works even better: the 1-mile median household income is $101,534 and the 3-mile population is 229,034. 

Olson Homes has spent 37 years finding exactly this kind of pocket.

The Setup

The building is a 3-story, 28,827 SF office, built in 2004 on a 60,113 SF lot. Surface parking: 125 stalls.

Operator Take

The seller, BH Properties, LLC, is a Los Angeles-based value-add investor in the Westwood/Century City zip. Their exit from a 100%-vacant suburban office in the current market is interesting to watch as these are very smart operators. 

The question the flyer does not answer: how long was the building vacant before sale, and what did it cost BH Properties to carry it? 

I'd like to know what the strategy for BH Properties is. 


Olson paid for the dirt, not the office.

$132 a foot on 1.38 acres in Monterey Park.

2004 building. Sold for land value.

I don't have the other half of the portfolio.

I don't have a rent roll.

I'm keeping who bought it and why.  I want to follow to see what homes get built and how much they sell for.  

I'm researching the market to make better investment strategies. I'm sharing what I find along the way with other investors to have discussions, debates and help make better decisions.

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Property and transaction data: CoStar Research.
Brokers
Listing Broker
Andrew Harper
JLL
Buyer Broker
Ryan R. Campbell
NAI Capital
Written from the field

David Safai, operator, developer, GC.

Atlas Home Builders, Inc. is a Los Angeles owner-operator and general contractor. If you are a broker with a listing you want an honest read on, send the OM and the T-12 to David@AtlasBrief.La.

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