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April 23, 2019
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MULTIFAMILY NEWS
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Apartment Property in the Hollywood Area Sells for Just over $200k/Unit

2/07/19

In a recent L.A. multifamily sales comp, a 21-unit apartment property sold for $4.25 mil, or $202.4k per unit. The property is located at 6126 Eleanor Ave, west of the 101 Fwy on the south side of Santa Monica Blvd.

Built in 1959, this 21-unit building sits on a 13k sf lot in the central Hollywood neighborhood. The two-story building features studios, one-bedrooms and a bachelor unit. The immediate area continues to grow at a rapid pace and attracts high-end residents with the unparalleled access to employment opportunities and entertainment amenities.

Neema Ahadian with Marcus & Millichap represented the buyer, a limited liability company, and the seller, an unnamed partnership.





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