Chris Tokarski Of Pier Rock Properties Acquires Lido Apartments In Hollywood For $16.8M

The property asset involved in the transaction is a historic apartment building known for its appearance on The Eagles’ Hotel California album and its ties to Carol Burnett, located at 6500 Yucca Street in Hollywood, CA. The asset consists of 100 units and was sold for a total transaction amount of $16,800,000, equating to a price per unit of $168,000. The building experienced a previous sale for $32.3 million in 2017 before the current transaction.

Summary of transaction details:

• Property Type: Note / Loan
• Transaction Amount: $16,800,000
• Units: 100
• Buyer: Chris Tokarski - Pier Rock Properties
• Broker: Kitty Wallace & Andrew Eberhard - Colliers

The transaction was finalized on July 16, 2026, after Pier Rock Properties acquired the asset and its debt, which had been defaulted by Mosser Capital, with $29.4 million in unpaid debt. This acquisition marks a significant move in the Hollywood property market for both the buyer and their brokerage team.