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%