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Sale of East Hollywood Affordable Entailed Three Separate Government Approvals

The LAAA Team of Marcus & Millichap closed on the sale of 1536 N Serrano Ave, a 42-unit LIHTC community in East Hollywood, for $7,600,000. The team noted that three separate government approvals, a 166-day escrow and coordination across 15-plus parties were required to bring the deal to close. Among these approvals was a sign-off ...
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