Urban Lifescape Acquires Multifamily Property In Hollywood For $2.5M

The multifamily property located at 339 N. Harvard Blvd. in Hollywood was recently sold in a transaction that closed on May 19, 2021. The property, consisting of 4 units, spans a total of 5,308 square feet. The sale price for this transaction was $2,515,000, resulting in a per unit price of $625,000. The price per square foot was calculated to be $471, and the capitalization rate for the property is 5.49%.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $2,515,000
• Address: 339 N. Harvard Blvd.
• Market: Hollywood
• Buyer: Urban Lifescape
• Seller: Soho Longwood
• Brokers: The 2-4 Unit Specialists - Elizabeth Maddox & Ian Maddox
• Units: 4
• Price per Unit: $625,000
• Square Footage: 5,308
• Price per Square Foot: $471
• Capitalization Rate: 5.49%

Elizabeth Maddox and Ian Maddox, representing The 2-4 Unit Specialists, served as the brokers for this transaction. They facilitated the sale between Urban Lifescape, the buyer, and Soho Longwood, the seller. The transaction showcases the expertise and market knowledge of these brokers in the Hollywood area.