William J. McMorrow Of Kennedy Wilson Acquires 687-Unit Multifamily Community In Koreatown For $135M

The Chadwick is a 687-unit apartment community located at 209 South Westmoreland Avenue in Koreatown, Los Angeles. It was sold for a transaction amount of $135 million, equating to approximately $196,507 per unit. This sale is noteworthy as one of the quarter's largest multifamily deals by unit count in the Los Angeles market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $135,000,000
• Units: 687
• Price per Unit: $196,507
• Market: Los Angeles
• Buyer: William J. McMorrow
• Buyer’s Company: Kennedy Wilson

In this transaction, William J. McMorrow represented the interests of Kennedy Wilson as the buyer, acquiring the property amidst a market context where Los Angeles multifamily vacancy has risen to 5.6%. The deal reflects ongoing investor interest in well-located urban properties despite prevailing market fundamentals.