SOLD
Franklin Park Apartments LLC Acquires Multifamily Property On Franklin Avenue In Hollywood For $22M
6615 Franklin Avenue
MultiFamily
65,746 SF
65,746 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
65,746 sqft
Franklin Park Apartments LLC has acquired a multifamily property located at 6615 Franklin Avenue in Hollywood. The property was sold by the 6615 Franklin Living Trust. The transaction was facilitated by brokers Rick Raymundo and Shane McConnell from Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $22,000,000
- Address: 6615 Franklin Avenue
- Market: Hollywood
- Units: 75
- Price per Unit: $293,333
- Square Footage: 65,746
- Price per Square Foot: $334
- GRM: 20.64x
- CAP Rate: 1.96%
The acquisition of this multifamily property marks a significant transaction in the Hollywood market. The deal was completed with the assistance of brokers Rick Raymundo and Shane McConnell, who represented the buyer and seller respectively.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Rick Raymundo & Shane McConnell
DATE: 05/12/2021
ADDRESS: 6615 Franklin Avenue
MARKET: Hollywood
ASSET TYPE: Multifamily
BUYER: Franklin Park Apartments LLC
SELLER: 6615 Franklin Living Trust
BROKERS: Rick Raymundo & Shane McConnell - Marcus & Millichap
SALE PRICE: $22,000,000
UNITS: 75 ~ PPU: $293,333
SF: 65,746 ~ PPSF: $334
GRM: 20.64x
CAP: 1.96%View on map
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Address6615 Franklin Avenue
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