Controversial NYC landlord wants $19K a month for Hancock Park PH

Los Angeles /
Dec.December 14, 2016 01:30 PM

The penthouse at the iconic El Royale rental building in Hancock Park has hit the market for $19,000 a month, The Real Deal has learned.

For decades, the building has been home to a host of big name celebrities such as Clark Gable and Judd Apatow. It was designed by famed architect William Douglas Lee in 1929, just after he completed its sister building, the Chateau Marmont.

The more than 4,000-square-foot penthouse comprises three bedrooms, three bathrooms and a sun room with glass doors that open up onto a terrace. It features original crown moldings and comes with access to a fitness center and a roof deck.

Nicole Contreras of Nourmand & Associates has the exclusive listing.

Prominent Iran-born New York City landlord Kamran Hakim and developer Farhad Eshaghpour purchased the 58-unit building for $29.5 million in 2012. The roughly $527,000 he paid per unit was the highest per-unit price for a Southern California multifamily property at the time.

Hakim, who owns more than 100 buildings in New York, is currently suing New York City Public Advocate Letitia James, arguing he was unfairly included in the city’s “worst landlord” list last year.

Hakim was named the city’s 34th worst landlord on the 2015 list, which ranks landlords based on outstanding violations at their properties.


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