MWest Holdings, a private Los Angeles-based real estate and investment firm, recently acquired The Hollywood Tower Apartments, the iconic art deco Hollywood apartment building located at 6200 Franklin Ave, Los Angeles, CA 90028. The acquisition of this building is the first in a number of upcoming purchases that represents the company’s strategy of finding unique properties that need care and attention and restoring them to their legendary grandeur.
The iconic Hollywood Tower building, originally known as La Belle Tour, is a V-shaped building designed by architects Cramer & Wise in the faux French Normandy style.
Built in 1929 and renovated in 2010, it is comprised of singles, one-bedrooms, two-bedrooms and three full-floor penthouses. The full-floor penthouse units feature large private balconies with sweeping skyline, 360 degree views of the city and the Hollywood Hills. In 1988, the Hollywood Tower was placed on the National Register of Historic Places. Set on a hill in the heart of Hollywood, and topped by its famous art deco neon sign, it is beloved by historians and Hollywood royalty alike. It has served as a set location for numerous film and television shows and former residents include some of Hollywood’s most heralded stars: Humphrey Bogart, William Powell, Errol Flynn, and Marilyn Monroe. This tradition continues today, as the Hollywood Tower remains a popular home for entertainment industry luminaries.
The Hollywood Tower is located within walking distance to the shops and restaurants of Franklin Village, close to public transit, and the hottest nightlife in Los Angeles. Under the ownership of MWest, The Hollywood Tower will undergo additional revitalization, and will serve as a lasting portrait of heritage and architectural pride for the City of Los Angeles, the local community and neighborhood.
Founded in 1991, MWest Holdings is a vertically-integrated investment holding company. MWest benefits from a management team of seasoned professionals with broad backgrounds in all facets of residential and commercial real estate investment. MWest focuses on core-plus and value-add multi-family opportunities and acquires, renovates, leases and manages real-estate property in Los Angeles and New York City.
Learn more about the Hollywood Tower at www.thehollywoodtower.com.