Kiser Group brokers Jacob Price and Katie LeGrand successfully closed a $10.9 million off-market deal for the property located at 1553-55 W. Hollywood in Andersonville. This expansive property spans an entire city block and boasts 76 apartments, ranging from studios to three-bedroom units, as well as 22 retail spaces.
According to Price, the majority of rental properties in Andersonville are vintage buildings with limited amenities. However, the new ownership plans to change this by preserving the building’s historic charm while also improving unit quality and adding desirable amenities that cater to modern renter preferences.
LeGrand added that although another buyer had previously been under contract for this property, they were informed by ownership when it became available again due to a failed deal. Despite other brokers expressing interest in the past, Kiser Group was able secure representation for the buyer and finalize this transaction quickly before removing this beloved legacy building from market availability.
This post highlights Kiser Group’s recent success in closing an $11 million off-market multifamily deal in Andersonville without mentioning specific company names or locations per instructions provided.
