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Newly-Built Koreatown MF Sells for $30M
A 60-unit multifamily property in Los Angeles’ Koreatown neighborhood traded hands for $29.25 million. The seller was Los Angeles-based CGI Strategies (CGI), which developed the property, while the buyer was Arcadia, CA-based Alhambra Place Partnership.
Kodo, which was completed in 2018, is a 48,089-square-foot building located at 2867 Sunset Pl. and presents a mix of studio, one and two-bedrooms units. The complex features a common area, courtyard, fitness center and a rooftop lounge with views of the Downtown Los Angeles skyline. The property was transitioning through lease-up during the marketing process—approximately half the units were leased as short-term, furnished rentals at time of sale.
CBRE’s Laurie Lustig-Bower and Kamran Paydar represented the seller. The buyer was advised by Infinity Reality Advisors’ Eddy Chao.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition




