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80-Unit Apartment SOLD!
November 20, 2007 on 9:24 am | In West Los Angeles, Apartment | Comments Off 80-Unit Apartment Complex in L.A. Sells for $21.7M
Sperry Van Ness, a commercial mortgage company, has completed the sale of The Tower at Hollywood Hills, an 80-unit luxury apartment community in Los Angeles. The property, located in the Los Feliz neighborhood, was sold to SC Normandie Inc. for $21.7 million.
Kitty Wallace of Sperry Van Ness’ Los Angeles office represented the buyer as well as the seller, Los Angeles-based Normandie Avenue Properties LLC.
Built in 1990 and renovated this year, the property includes a mix of studio and one-bedroom units with monthly rents ranging from %1,263 to $2,061.
The Tower at Hollywood Hills includes a fitness center, sauna, pool, spa, fire pit and barbeque area, and Wi-Fi connections. Recent renovations have equipped units with marble countertops, hardwood floors, recessed lighting and stainless steel appliances.
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