Alhambra Place Partnership Acquires Multifamily Property In Koreatown For $29.2M

The multifamily property located at 2867 Sunset Place in Koreatown has been sold in a transaction valued at $29,250,000. The property consists of 60 units, with a price per unit of $487,500. The sale was completed on November 6, 2019. The seller, CGI Strategies, sold the property to the buyer, Alhambra Place Partnership. The transaction was facilitated by brokers Laurie Lustig-Bower and Kamran Paydar from CBRE.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $29,250,000
• Address: 2867 Sunset Place
• Market: Koreatown
• Units: 60
• Price per Unit: $487,500

Laurie Lustig-Bower and Kamran Paydar from CBRE played instrumental roles as the brokers representing the seller and buyer respectively.