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

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.