The Tamarind Terrace apartment complex in Hollywood Hills, Los Angeles has been sold for a price of $40,700,000. The complex consists of 112 units, with a per unit price of $363,392. The sale was completed on April 18, 2018. The property, located at 1950 Tamarind Avenue, features amenities including a swimming pool, spa, fitness studio, private dry saunas, and an outdoor barbecue lounge area.

Summary of transaction details

• Property Type: Apartment Complex
• Transaction Amount: $40,700,000
• Number of Units: 112
• Price per Unit: $363,392
• Seller: Silkand Engineering Associates
• Buyer: Raintree Partners - Jeffrey B. Allen
• Market: Hollywood Hills

Raintree Partners, represented by Jeffrey B. Allen, acquired the Tamarind Terrace apartment complex from Silkand Engineering Associates. The purchase includes the swimming pool, spa, fitness studio, private dry saunas, and outdoor barbecue lounge area. The transaction represents a significant investment opportunity in the Hollywood Hills real estate market.