LOWE ENTERPRISES PURCHASES 100-UNIT APTS. FOR $9.4 MILLION

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HOLLYWOOD, CALIF. — On behalf of the Lowe California Community Fund, Lowe Enterprises has acquired the 100-unit Lido Apartments, located at 6500 Yucca Street in Hollywood, for $9.4 million. Lowe acquired the five-story building, which was built in 1928, in an off-market transaction brokered by Darin Beebower of Madison Partners. Virtu Property Management will handle management and leasing at the Lido as well as oversee the property renovations.

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