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HOLLYWOOD, CALIF. — Madison Partners has arranged the $7.4 million sale of the 53-unit Franklin Pointe Apartments located at 1825 N. Cherokee Ave. in Hollywood. Originally constructed in 1963, the three-story apartment complex comprises eight studio units, 29 one-bedroom/one-bath units, eight one-bedroom/two-bath units and eight two-bedroom/two-bath units. Madison Partners’ Darin Beebower represented both the buyer and the seller in the transaction — Los Angeles-based 1825 Partners LP and Franklin Pointe Associates LLC, respectively.