Address 700 N. San Vicente Blvd., Suite G460 West Hollywood, CA 90069
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Avalon Catalina

Koreatown, CA

Opportunity to acquire a 1920's vintage asset in prime Koreatown. The property has a rare exemption from rent control for a pre-1979 vintage asset. Following the success in repositioning the Eleanor Apartments at 412 S. Lake St, Trion implemented a similar rebranding strategy.

  • No. of Units: 47
  • Acquisition Date: November 2015
  • Acquisition Price: $7,540,000
  • Renovation Costs: $444,311
  • Projected Project Level IRR: 22%

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