Multifamily Portfolio in Hollywood, Los Angeles Trades Hands, Sale Facilitated by Walker & Dunlop – Wire Real Estate

Multifamily Portfolio in Hollywood, Los Angeles Trades Hands, Sale Facilitated by Walker & Dunlop

Built in 1970 and 1955 respectively, Argyle & Harvard Apartments presents new ownership with the opportunity to significantly increase rental income. Enhancing finishes in the 21 lightly-renovated units, as well as fully renovating the 77 units that are in original condition, could result in an almost 44 percent increase in rents.

Walker & Dunlop’s Blake RogersAlexandra CanigliaHunter CombsJavier Rivera, and Kevin Sheehan represented the seller and facilitated the sale of the portfolio.

The transaction is one of just seven multifamily property sales with 50+ units in the City of Los Angeles since the Covid-19 pandemic started; this represents more than a 50 percent decrease in transaction volume compared to the past several years1.

The Southern California Walker & Dunlop team has closed more than $325,000,000 in multifamily sales transactions over the past 30 days. Nationally, the Walker & Dunlop investment sales platform has also achieved dramatic growth with over $4 billion in sales volume completed through 3Q 2020 in the face of the pandemic. Walker & Dunlop is a top-ranked commercial real estate finance company; in 2019, the firm completed $32.0 billion in total transaction volume, and was ranked the #1 Fannie Mae DUS® multifamily lender and the #3 Freddie Mac Optigo® lender by volume.

For information about Walker & Dunlop’s view on the apartment market, including expert perspectives on markets, leadership, and the road ahead, visit our Driven by Insight information center.

About Walker & Dunlop
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate finance companies in the United States. The company provides a comprehensive range of capital solutions for all commercial real estate asset classes, as well as investment sales brokerage services to owners of multifamily properties. Walker & Dunlop is included on the S&P SmallCap 600 Index and was ranked as one of FORTUNE Magazine’s Fastest Growing Companies in 2014, 2017, and 2018. Walker & Dunlop’s 900+ professionals in 40 offices across the nation have an unyielding commitment to client satisfaction.