LOS ANGELES — California Landmark Group has sold LC by CLG to a private partnership formed by Santa Barbara, California-based Harrison Yale Hurst and Richard Rosin of H&R Investments.
CBRE’s Dean Zander and Stewart Weston arranged the sale and represented the seller, a developer known for its CLG-branded properties. The asset sold for $46.5 million. LC by CLG is adjacent to Paramount Studios and located in the Larchmont Village neighborhood.
The 84-unit community includes amenities such as a rooftop deck with a pool, barbecues, fire pits, seating areas and views of the Hollywood hills. The buyer is planning cosmetic upgrades to the property’s interiors and common areas.