$24M Hollywood multifamily deal

Prometheus Real Estate Group Inc. has paid $24 million to purchase the recently renovated Franklin Plaza Apartments in the Hollywood district of Los Angeles.

The 80-unit property, which was sold by R.W. Selby and Co. Inc., is located at 7230 Franklin Ave. It comprises 62,972 square feet in one three-story building and is situated on a 36,634-square foot lot.

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