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True Urban USA & JCI Development Acquires Mixed-use Property On Hollywood Blvd For $19.2M

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SOLD
$19,200,000

California

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Mixed-use63,375 SF
Sold 10/05/2021
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Property Image
SOLD

True Urban USA & JCI Development Acquires Mixed-use Property On Hollywood Blvd For $19.2M

6531 Hollywood Boulevard, Central LA, Los Angeles, CA 90028, USA

See Similar Deals
Mixed-use63,375 SF
Sold 10/05/2021
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Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$303
Total Square Footage:63,375 SF
Transaction Type:Sale

A mixed-use property located at 6531 Hollywood Blvd. in Hollywood, known as Hollywood Hillview Apartments, has been sold. The transaction took place on October 5, 2021. The property spans over 63,375 square feet and is situated in the Hollywood market. The sale was facilitated by Adolfo Suaya, who acted as the seller. True Urban USA & JCI Development, represented by Jeff Isenstadt, purchased the property for a total of $19,200,000, resulting in a price per square foot of $302. Elan Kermani from CityStreet Commercial represented the buyers, while Paul Brehme from Lee & Associates represented the seller in this deal.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $19,200,000
  • Address: 6531 Hollywood Blvd.
  • Market: Hollywood

This transaction involved the buyers True Urban USA & JCI Development, led by Jeff Isenstadt, and the seller Adolfo Suaya. Elan Kermani from CityStreet Commercial represented the buyers, while Paul Brehme from Lee & Associates represented the seller. The deal was closed at a price per square foot of $302, and the property is now under the ownership of True Urban USA & JCI Development.

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9 deals$59.5M volume(310) 734-7772
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Details

SOLD
IMAGE: Adolfo Suaya, Elan Kermani & Paul Brehme DATE: 10/05/2021 ADDRESS: 6531 Hollywood Blvd. - Hollywood Hillview Apartments MARKET: Hollywood ASSET TYPE: Mixed-use BUYER: True Urban USA & JCI Development - Jeff Isenstadt SELLER: Adolfo Suaya (@AdolfoSuaya) BUYER’S REP: Elan Kermani (@ElanKermani) - CityStreet Commercial (@CityStreetCommercial) SELLER’S REP: Paul Brehme - Lee & Associates (@LeeAndAssociates) SALE PRICE: $19,200,000 SF: 63,375 ~ PPSF: $302

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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