(To read more on the multifamily market, click here.)

LOS ANGELES-Hawthorne Regency Apartments LLC has acquired the 50-unit Hawthorne Regency luxury apartments in Hollywood from an Orange County-based seller for $18.4 million in one of five recently closed multifamily deals totaling $29 million. The Hawthorne Regency is a newly built complex just south of Hollywood Boulevard and east of Highland Avenue.

The seller was Hawthorne Regency LLC of Costa Mesa, which was represented by Team Lustig-Bower of CB Richard Ellis. Adrienne Barr of Team Lustig-Bower notes that 10 of the units were loft penthouse apartments with double high ceilings and sun decks, and that all of the units feature two bedrooms with fireplaces and other upscale amenities.

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