Universe Holdings Acquires Hollywood Multifamily For $6.9M

Located in the heart of Hollywood, the multifamily property at 2000 N. Highland Blvd has been sold. The transaction took place on January 19, 2021, and the property was acquired by Universe Holdings, represented by Henry Manoucheri. The property consists of 18 units and was sold for a total of $6,900,000. This equates to a per unit price of $380,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,900,000
• Address: 2000 N. Highland Blvd
• Market: Hollywood

Universe Holdings, with Henry Manoucheri as their representative, successfully completed the acquisition. This deal showcases the continued investment activity in the Hollywood market and the confidence in the multifamily asset class. The transaction highlights the expertise and negotiation skills of Henry Manoucheri, representing Universe Holdings in the purchase of this property.