SOLD: Verdguo Pet Shop Property No Longer on the Market

The 3,050 square-foot property sold in January for $600,000

One of Highland Park's hottest real estate commodities, the Vergugo Pet Shop, is no longer on the market.

The longtime pet shop sold for $600,000 in January, according to NAI Capital Agent Marie Taylor.

"It was sold to investors," Taylor told Patch on Thursday afternoon. "They've asked that I do not disclose who they are. I'm not sure what they are going to do with it."

The property hit the market in October, listing at $565,000 at the time.

As previously reported on Patch, longtime shop owner Hervey Chapman died in February of 2011. Almost immediately, neighborhood residents started speculating about what would become of the 3,000-sq. ft. building that sits at ground zero of York Boulevard's business boom.

The property stands adjacent to popular nightlife spots The York and and is passed every month by thousands of art lovers who flock to York's strip of galleries during NELA Art's Second Saturday Gallery Night.

It's also located within the business corridor primed for redevelopment through councilmember Jose Huizar's vision plan.

Some Patch commenters have written that they would prefer to see an established chain store, like a Starbucks, move into the property. However, York Boulevard is already home to two popular coffee shops, El Chapin (soon to be The Highland) and .

Others have said they would prefer to see the property occupied by a local business owner, who would actively participate in the ongoing revitalization of York between Avenues 50 and 56, which has been predominantly spurred by independent, locally owned shops.

David Fonseca March 01, 2012 at 08:01 PM
We're on the case, Josef, but thanks for the input!
dave March 01, 2012 at 09:15 PM
I'm pretty excited to see what this place ends up to be. York Blvd is growing in so many ways. Let's hope it's a place the community can enjoy and frequent like the other new businesses that have opened up.
David Fonseca March 02, 2012 at 01:27 AM
Wells Fargo, who were entrusted the property in October, are still listed as the owner according to the County Registrars officer, meaning the title/deed transfer hasn't been filed in the electronic system yet. We're still working to find out who the new owners are, though.
maryam hosseinzadeh March 02, 2012 at 05:13 PM
Who are these people who want a Starbucks? Hello! There's one down the street at the corner of York and Eagle Rock Blvd. If you're really craving a Starbucks drink, it's walking distance from that spot. And I'd take a Horchata con Espresso from Cafe de Leche over that any time. I look forward to seeing what will be in that spot, but I am a bit fearful and not very encouraged by the hidden nature of who purchased it. It's such a great storefront.
carol van beek March 03, 2012 at 07:49 AM
Well, we better keep our fingers crossed. Investors who wish to not be disclosed don't sound like they are concerned with community input. Hope they surprise us with something good.


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