South LA firm expands into Hollywood with apartment complex purchase

DavHan Inc. acquired the 28-unit development completed last year

Los Angeles /
Mar.March 18, 2019 04:00 PM
The apartments at 5727 La Mirada Avenue under construction last May (Credit: Google Maps)

A South Los Angeles-based firm is expanding its reach into Hollywood’s multifamily market.

DavHan Inc. purchased a 28-unit building that was completed last year, the Los Angeles Business Journal reported.

DavHan paid $17.7 million for the 41,200 square feet at 5727 La Mirada Avenue. Miller & Desatnik Realty Corp. represented both DavHan and the seller. It was listed as Frame 5727 LLC, which is connected to Robert Green of R.D. Green Construction.

5727 La Mirada Avenue

Major multifamily projects are set to join the La Mirada apartment complex. GPI Companies’ plan to replace the Amoeba Music store on Sunset Boulevard with a 26-story apartment tower that the city approved last week. CIM Group is also restarting its plan to build a 63-unit complex at 6007 Sunset Boulevard.

DavHan’s apartment building is also located a half-mile from the Target super-store still under construction. The store was just given the go-ahead to complete construction, after a years-long court battle with the La Mirada Avenue Neighborhood Association. [LABJ]Gregory Cornfield


Related Articles

arrow_forward_ios
Grubb Properties CEO Clay Grubb along with 1200-1218 North Vine Street and 6245-6247 West Lexington Avenue (Grubb Properties, Getty Images, LoopNet, Google Maps)
Grubb Properties enters Hollywood multifamily market
Grubb Properties enters Hollywood multifamily market
11701 Wilshire Blvd, High Rise
Brentwood mall owner wants to build residential highrise
Brentwood mall owner wants to build residential highrise
Bardas Investment Group's David Simon with 6311 Romaine Street
Hollywood’s Television Center readies for $600M makeover
Hollywood’s Television Center readies for $600M makeover
From left: Gelt's Steve and Keith Wasserman with 4041-4121 Radford Ave (Realtor, Gelt, Getty)
Gelt pays $76M for 149-unit complex in Studio City
Gelt pays $76M for 149-unit complex in Studio City
Eden Housing's Kevin Leichner and Iris Gardens (Eden Housing, Clear Capital, Getty)
Eden Housing pays $31M for affordable housing complex in Azusa
Eden Housing pays $31M for affordable housing complex in Azusa
From left: 185 South State College Boulevard, 821 South Myrtle Avenue, Industrious' Jamie Hodari and AvalonBay’s Benjamin Schall (Google Maps, Industrious, AvalonBay Communities)
Industrious adds apartment sites to coworking footprint
Industrious adds apartment sites to coworking footprint
A rendering of 4827 South Crenshaw Boulevard (Hopson Rodstrom Design)
32-unit apartment complex planned for Hyde Park
32-unit apartment complex planned for Hyde Park
A photo illustration of A.J. Khair principal Demetri Samaha along with renderings of 1919 North Wilcox Avenue (A.J. Khair, GA Engineering, Inc., Getty Images)
A.J. Khair to add 65 apartments to Hollywood inventory
A.J. Khair to add 65 apartments to Hollywood inventory
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...