A charter school acquires Bolour Associates' Hollywood campus at 6331–6363 Santa Monica Boulevard, successfully avoiding the city's ULA transfer tax.
A charter school operator has completed the acquisition of a commercial campus located at 6331–6363 Santa Monica Boulevard in the Hollywood neighborhood of Los Angeles. The property was previously held by Bolour Associates. The transaction is notable for the buyer's ability to bypass the city's 'mansion tax'—officially the Measure ULA transfer tax—which applies to property sales exceeding specified valuation thresholds.
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