Friedkin Property Group Acquires 146-Unit Le Belle Hollywood Tower From LaSalle Investment For $52.15M

The property asset involved in this transaction is a multifamily building located at 6138 Franklin Avenue, Los Angeles. The property, known as Le Belle Hollywood Tower, includes 146 residential units, ranging from studio to two-bedroom options. It was constructed in 2010 and features resort-style amenities. The transaction price for the property was $52,150,000, equating to $357,192 per unit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $52,150,000
• Units: 146
• Price Per Unit: $357,192
• Buyer: Friedkin Property Group
• Seller: Mark Gabbay - LaSalle Investment Management
• Broker: Kidder Mathews
• Market: Los Angeles

Key individuals and companies in this transaction include Friedkin Property Group, which has acquired the property, and Mark Gabbay representing LaSalle Investment Management as the seller. Kidder Mathews facilitated the brokerage for the sale of this property.