The beautiful old El Royale, maybe the poshest apartment building in Hancock Park, has been put up for sale for the first time in 50 years, reports the LA Business Journal (sub. req.). Celebrities and other rich entertainment people love the building for its valet parking, concierge service, and huge units, as well as its family (of rich entertainment people) atmosphere. The 12-story El Royale was built in 1929 and designed by William Douglas Lee (who designed the Chateau Marmont); it has 56 units, which have at time been home to Mae West, William Faulkner, Clark Gable, Ben Stiller, Judd Apatow, Michelle Williams, and many, many other notables. Longtime manager Sandy Griffin retired a few years ago and last fall the new management decided it wanted everyone to know about the El Royale's pedigree--it asked to use tenants' names, bios, and photos in various promotional materials, which we heard was rather upsetting to said tenants. According to the LABJ, "The building is being sold through an open-bid process with no asking price." Rents currently average $3,462 per month.
· Historic Hancock Park Apartments on the Market [LABJ, sub. req.]
· El Royale's Celeb Renters Pissed That Management Wants to Namedrop [Curbed LA]