Concord Capital Partners Acquires Multifamily Asset In Koreatown Los Angeles For $52.08M

The multifamily asset located at 3460 West 7th Street in Los Angeles has been sold for a total of $52,075,000. This property comprises 168 units, with a price per unit of $309,970. The total square footage of the asset stands at 179,989, translating to a price per square foot of $289.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $52,075,000
• Units: 168
• Price Per Unit: $309,970
• Square Footage: 179,989
• Price Per Square Foot: $289
• Buyer: Reuben Robin, Jonathan Fhima, Ryan Marder & Joe Goldstein - Concord Capital Partners, the investment subsidiary of Concord Companies
• Date of Transaction: 10/28/2025
• Market: Los Angeles

This transaction marks Concord's third major acquisition in Koreatown within the quarter. According to Reuben Robin, CEO & Founding Principal of Concord Companies, the acquisition demonstrates their ongoing confidence in Los Angeles and its long-term growth potential.