The sale price for a multifamily and retail community on Hollywood Boulevard has been revealed. Last month, Madison International Realty partnered with multifamily owner and operator Big 4 Properties to acquire El Centro Apartments & Bungalows at 6200 Hollywood Boulevard, the Los Angeles Times reported at the time. The 507-unit property sold for $161.2 million, or nearly $317,949 per unit, Traded has now reported. The El Centro development is a “best-in-class, transit-oriented multifamily asset” that Madison bought “at a significant discount-to-replacement cost” in Hollywood, Madison International Realty president Ronald Dickerman said in a statement, according to the Times. Madison International […]
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