Investment Overview

CGI+ closed escrow on five lots located in the Koreatown area of Los Angeles in May of 2017. The combined land assemblage spanned a portion of the block between Fedora Street and Mariposa Avenue, with two of the lots situated on Fedora and three on Mariposa.

Subsequently, CGI+ purchased an additional contiguous adjacent parcel on Fedora Street, and redesigned the project as a two-building development to allow for the future operation and sale of each building separately.

The multifamily development broke ground in Q1 2020 and was completed in the spring of 2022.

Transaction Details

Property Address: 841 Fedora Street, Los Angeles, CA
Acquisition Date: May 2017
Investment Type: Residential Development
Asset Type: Luxury multi-family
Size: 200 Units