JPMorgan Asset Management Sells Hollywood Multifamily Property For $91.7M

The multifamily property located at 2300 N. 29th Avenue in Hollywood was recently sold for a price of $91,700,000. The property consists of 336 units with an average price per unit of $272,917. The total square footage of the property is 345,948, with an average price per square foot of $265.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $91,700,000
• Address: 2300 N. 29th Avenue
• Market: Hollywood
• Units: 336
• Price per Unit: $272,917
• Square Footage: 345,948
• Price per Square Foot: $265

The sale was facilitated by JLL Capital Markets, with Matthew Lawton, Maurice Habif, Simon Banke, Ted Taylor, and Jo Rousseau representing the seller, JPMorgan Asset Management. The deal was successfully closed on 01/12/2021.