The LA Times is reporting that the El Royale Apartments have sold for almost $30 Million. The building was bought by Kamran Hakim, one of the largest private landlords in New York, and Santa Monica real estate attorney Farhad Eshaghpour.
According to the LA Times, the new owners intend to improve and preserve the building.
LA Times – Celebrity Magnet El Royale Tower Said to Sell for Record Price
Larchmont Buzz – Hancock Park’s El Royale Apartments for Sale (July 19, 2012)
Mary has lived in the Hancock Park area for over 20 years - including homes in Larchmont Village and Windsor Square. Mary has lived in some great places in her life - but none compare to the convenience and majesty of our neighborhood. For Mary, the neighborhood has been a wonderful home to her large, extended family...at one time she had family members living on seven different Hancock Park area blocks! Larchmont Buzz is a labor of love - built to celebrate the neighborhood and to elevate the conversation in the area.