Former Coco’s Location in Calabasas Trades for $3.3 Million

4895 N. Las Virgenes drive in Calabasas.

A property that has served as the longtime host of a Coco restaurant sold in Calabasas for $ 3.28 million.

The vacant restaurant building, built in 1977, is located at 4895 N. Las Virgenes Drive. The building is 6,243 square feet on a 59,463 square foot lot.

Michael Sharon of illi Commercial Real Estate processed the transaction on behalf of the sellers, the private companies Hameramir LLC and Planet Estate Realty LLC. The buyer, a restaurant called Salsa and Beer, was represented by Tal Yona and Fernanda Otalora from Remax Commercial.

Similar transactions in the region include the 6,466 square foot building at 22822 Ventura Blvd. Woodland Hills, which sold for $ 3.65 million in December; and a 4,630-square-foot retail property in 19501-19505 Ventura Blvd. in Tarzana, which sold for $ 1.86 million in November.