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Home Finance 52-Unit Hollywood Tower in Los Angeles Sells for $20.1MM
FinanceIndustry NewsLos AngelesNews ReleasesResidential

52-Unit Hollywood Tower in Los Angeles Sells for $20.1MM

July 19, 20211 Mins read312
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HOLLYWOOD, Calif. – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Hollywood Tower, an historic, eight-story, 52-unit multifamily asset in Hollywood, California. The property sold for $20.1 million, which equates to $386,538 per unit. “The seller’s renovations on many of the units generated considerable rent premiums, […]

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