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Tuesday, Jun 6, 2023

Multifamily Building in Hollywood Sells for $17.7M

South L.A.-based DavHan Inc. purchased a 28-unit multifamily building in Hollywood for $17.7 million, records show. The company did not immediately return requests for comment.

Miller & Desatnik Realty Corp.’s Dominick Faraone represented the buyer. Miller & Desatnik Realty Corp.’s Gary Fox represented the seller, a private individual.

Faraone said DavHan was looking to add to its portfolio. He added that it was the seller’s business plan to acquire land and build on it with the intention to sell.

The property was built in 2018.

The building, at 5727 La Mirada Ave., was fully leased at the time of the sale, Faraone said.

Commercial real estate reporter Hannah Madans can be reached at hmadans@labusinessjournal.com. Follow her on Twitter @HannahMadans

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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