Hovik Georgey Purchases School At 6543 Lankershim Boulevard For $1,580,000 From Seller Jordan Adams

The property asset involved in this transaction is a school located at 6543 Lankershim Boulevard in North Hollywood. The sale price for this asset was $1,580,000, encompassing a total square footage of 3,103 with a price per square foot of $509.

Summary of transaction details:

• Property Type: School
• Transaction Amount: $1,580,000
• Square Footage: 3,103
• Price per Square Foot: $509
• Buyer: Hovik Georgey
• Seller: Jordan Adams
• Seller's Representative: Alex Reyhan, Ethan Donel & Daniel Hirth - The Hirth Group
• Market: North Hollywood
• Date of Transaction: 07/29/2026

During the transaction process, the buyer faced financing issues. The seller's representatives, Ethan Donel, Alex Reyhan, and Daniel Hirth of The Hirth Group, facilitated communication with the seller to allow for additional time to close. They successfully negotiated the release of a six-figure deposit to the seller, providing a commitment from the buyer and ensuring downside protection for the seller.