Charter school buys Bolour’s Hollywood campus, skirts ULA tax
Larchmont Charter School purchased a Hollywood campus from Bolour Associates for $20.5 million, according to Los Angeles County records dated mid-April. The real estate, which is on 6325, 6331-6363 Santa Monica Boulevard and 1115-1125 Lillian Way, includes buildings and land. The properties on Santa Monica Boulevard total about 39,000 square feet, per a Lee & Associates brochure, and the land that can be developed on Lillian Way spans about 20,000 square feet. The deal comes out to roughly $350 per square foot and dodged Measure ULA — the so-called mansion tax which also applies to commercial properties — because of […]This article originally appeared on The Real Deal. Click here to read the full story.
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