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February 15, 2019
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Champion Real Estate Company Picks Up Hollywood Dev Site for $17 Mil


A Champion Real Estate Company entity has purchased a Hollywood development site for $17 mil. The property, located at 6212-6224 West Yucca Ave, 1756-1760 Argyle Ave and 1771 Vista Del Mar St, between Vine and Gower Streets on the south side of the 101 Fwy, totals around 1.15 acres.

Champion plans to build a mixed-use development on the site and brand it as 6220 Yucca. The project will include a 20-story apartment building, a 136-room hotel and retail/restaurant space.

The property currently houses a 40-unit apartment building and a single-family home. The existing buildings will be demolished to make way for the new development, slated to begin in 2019 and be completed by 2022.

Jason Gribin of JLL represented the buyer, West Los Angeles-based WL Yucca Argyle Owner A, LLC. David Aschkenasy of Commercial Asset Group repped the seller, a Burbank-based private investor, in the transaction.

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