Los Angeles, Calif. (November 29, 2023) – Harold’s House, a 20-unit multifamily property in Hollywood, has sold for $4,235,000. Kidder Mathews Executive Vice President Darin Beebower and First Vice President Mark Ventre represented the seller, Dunleer, a real estate investment and redevelopment firm. The buyer was SPU Investment, LLC.
The fully renovated and stabilized apartment building is located at 5525 Harold Way and totals 6,932 square feet. Its sale marks the highest price-per-square-foot ($611) in the Hollywood submarket in the past 12 months. The property is situated in the bustling Hollywood Studio District, just steps away from the Netflix headquarters and two blocks from Metro Station, with a Walker’s Paradise score of 92.
“The quality of renovations was excellent, and it immediately showed,” said Ventre. “The property’s turnkey status including updated units, new systems, new façade, secured entry, and some furnished units, among other features, are what attracted the buyer.”
“In an era of diminishing exchange buyers and particularly end users, we were able to locate a buyer that paid the highest price per square foot in the past year in the Hollywood submarket,” said Beebower.
About Kidder Mathews
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with over 900 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. The firm performs $12 billion in transactions, manages 53 million square feet of space, and conducts 2,800 appraisal, consulting, and cost segregation assignments annually.
