REBusinessOnline

GRUBB & ELLIS HANDLES 62-UNIT APARTMENT PORTFOLIO SALE IN TINSELTOWN

HOLLYWOOD, CALIF. — Grubb & Ellis has represented Sebren 3 Investments LLC in its $5.9 million sale of a three-property, 62-unit multifamily portfolio in Hollywood. Built in 1925, 1937 and 1927, respectively, La Fleur Apartments, Chateau Elaine and La Paz Apartments are all located on De Longpre Avenue in the Sunset and Vine area of Tinseltown. Grubb & Ellis’ Dana Brody-Thaw and Martin McDermott represented the seller in the transaction, which included a loan assumption, and Mojgan Sabetfard of Brentwood West represented the private-investor buyer.

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