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HOLLYWOOD, CALIF. — Los Angeles-based Empire Investments LLC has purchased East Village Hollywood, a 49,023-square-foot apartment/retail property located at 5718-5728 Hollywood Blvd. in Hollywood, for $12 million at a 6 percent cap rate and 11.6 GRM. The four-story building comprises 41 apartments and more than over 2,800 square feet of retail. Built in 2006, the property was 100 percent leased at the time of acquisition. Retail tenants of the property include a steakhouse restaurant with full bar and a coffee shop. The seller was Maman Properties LLC and the Stewart Trust of Los Angeles. Dana Brody and Martin McDermott of Grubb & Ellis represented both parties in the transaction.