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Iconic Hollywood Apt. Complex Trades for $29.5 Million

L.A. Group Sells El Royale After 50 Years of Ownership
By Annette Dolley
October 17, 2012 | 1:51 P.M.

The El Royale, a luxury apartment complex at 450 N. Rossmore Ave. in Hollywood, CA, traded for $29.5 million or $526,786 per unit. A Los Angeles-based family trust that had owned El Royale for more than half a century was the seller. It is in the prestigious Hancock Park neighborhood across from the exclusive Wilshire Country Club.

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