Concord Capital Partners Sells Multifamily Asset In Koreatown For $12.85M

Concord Capital Partners has sold a multifamily property in Koreatown, located at 808 S. Hobart Blvd. The sale, facilitated by broker Neema Ahadian of The Neema Group, took place on April 15, 2021. Reuben Robin represented the seller in the transaction.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $12,850,000
• Units: 55
• Price per Unit: $232,245
• Square Footage: 36,925
• Price per Square Foot: $348

This transaction involved a multifamily property comprising 55 units with a total square footage of 36,925. The sale price for the property was $12,850,000, resulting in a price per unit of $232,245 and a price per square foot of $348. The property is located at 808 S. Hobart Blvd in Koreatown.

Neema Ahadian of The Neema Group represented the buyer in the transaction, while Reuben Robin acted as the seller's representative. The deal was successfully concluded on April 15, 2021.