DONE DEAL:
Hollywood, CA
Blueprint is pleased to announce the successful sale of an 85-unit Residential Care Facility for the Elderly (RCFE) in Hollywood, California.

Designed in 1930, this iconic seven-story building offers streamline modern art deco architecture and was uniquely designed with all spacious corner apartments featuring corner windows with sweeping city views of Griffith Park, Observatory, Downtown Los Angeles and the Hollywood Hills. This legendary structure has tremendous character and charm and a rich history of Hollywood’s golden age.

The subject property was constructed in 1933, consists of 67,656 square feet and resides on a .68-acre parcel one block from Hollywood Blvd. The buyer is a very active, privately held family firm based in San Diego, California. They will continue to operate the facility as an RCFE, carrying out the original operator’s vision, while infusing approximately $10M into the physical plant.

Christopher Hyldahl, a Managing Director of Blueprint was the lead advisor. The marketing process took approximately thirty days from commencement to contract.

LEAD ADVISORS
Christopher Hyldahl
Senior Managing Director, Founding Partner
(310) 893-7181
chyldahl@blueprintHCRE.com