The 298-unit Vantage Apartments located at 1710 North Fuller Ave in Hollywood, CA, sold to the Chicago-based real estate investment trust Equity Residential for $98,000,000, or approximately $329,000 per unit. The seller, Prometheus Real Estate Group out of San Mateo, CA, sold the property on March 23, 2016. The cap rate was reported to be 4.4%. The seller’s motivation was market timing. Equity Residential purchased the 216,950-square-foot, four-story apartment building in 2007 for $86,250,000. The buyer was motivated was to add to their Southern California presence. Mark Peterson of HFF out of Newport Beach, CA, represented the buyer and the seller. Please see CoStar COMPS #3555618 for more information on this transaction.