MALIBU, Calif.--(BUSINESS WIRE)--Christina Development Corporation (“Christina”) announced today the sale of a three-story, 52-unit, multi-family project located at 8560 West Olympic Boulevard, Los Angeles, California (“Olympic”). Christina represented themselves in the sale transaction. This transaction represents one of many by Christina, who has been an active player in the Westside region of Los Angeles since 1977.
Olympic is ideally situated on the southeast border of West Los Angeles and Beverly Hills. Olympic is minutes away from the Beverly Hills Golden Triangle, and the Beverly Hills – La Cienega Park and Tennis Center is directly across the street.
Olympic was opportunistically acquired in 2014 from a private equity real estate fund. Olympic features a courtyard, secured parking, private terraces, and a gymnasium. Olympic Boulevard is one of the main thoroughfares connecting Los Angeles and Beverly Hills to the Pacific Ocean. The new Los Angeles Metro subway extension through Beverly Hills will include a station on La Cienega Boulevard, a short walk from Olympic.
“This sale further reinforces Christina’s investment philosophy that there will always be demand for great real estate in the ultra-prime submarkets of Los Angeles, during any economic climate,” Lawrence Taylor, Founder & CEO of Christina, said in a statement.
Christina is a vertically integrated real estate sponsor and manager founded in 1977 and headquartered in Malibu, California. For more than 40 years, Christina has sponsored direct real estate investments in the Westside region of Los Angeles (Beverly Hills, Brentwood, Century City, Malibu, Santa Monica, Westwood, West Hollywood and Venice/Silicon Beach), executing a proprietary and proven strategy focused on tax-advantaged wealth preservation and long-term capital appreciation.
Christina is the sponsor of Christina Real Estate Investors, a programmatic series of private equity real estate companies that acquire, operate, and curate investment grade real properties with equity capital provided by accredited investors from across the nation who enjoy tangible ownership of real properties in the ultra-prime sub-markets of the Westside region of Los Angeles.
To learn more about Christina Real Estate Investors’ current private equity real estate investment opportunities, please visit us at www.christinala.com.
This release is not an offer to sell or a solicitation to purchase securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Any offering by Christina 4 will be made only in accordance with the terms and conditions set forth in the Private Placement Memorandum.