The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
August 12, 2020
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



SOUTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
Los Angeles Multifamily Property Purchased for $259k/Unit

1/14/20

LA-based ROM Investments paid $26.2 mil for Guardian Arms Apartments, a 101-unit ($259k/unit), high-rise mixed-use property in Los Angeles. The property, located at 5217-5233 Hollywood Blvd, midway between Western and Normandie Aves, was sold by MWest Holdings LLC.

Jim Fisher, Robin Ossenbeck and Mike Smith with Berkadia represented the buyer in the transaction.

“ROM Investments purchased the property to add to their already extensive holdings in the East Hollywood area,” said Ossenbeck. “The buyer plans to complete the renovations to all units and common areas keeping with the charm of the asset. The irreplaceable character of this 1930s high-rise building, commanding views of the Hollywood sign and downtown Los Angeles, and potential upside in revenues upon renovations make the Guardian Arms and its retail components a solid long-term hold.”





Return to the Archive page


 


 


 


 
 





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media