613-4th-Ave-Rendering-11.23.15-960

 Investment Overview

CGI is in the process of completing a major lot assembly – a 46,305 square foot site created through a lot assemblage of 6 lots located in the desirable Koreatown neighborhood of Los Angeles. This area features a vibrant mix of dining, shopping, hotels, entertainment, and business activity. The region is known for its attractive combination of cultures influenced by Koreans, Chinese, and Hispanics who have contributed to the area’s trendy restaurants, nightclubs, karaoke bars, hotels, and other hotspots.

The preliminary concept is to create two assets operated as traditional apartments each with a seven-story building comprised of seven residential floors above 2 levels of subterranean parking. The project will feature a variety of amenities geared towards future residents, including several lounge and community spaces in addition to a fitness center tailored to a modern, active lifestyle. The residential units, in addition to traditional luxury finishes such as hardwood floors and in-unit washer/dryers, will be equipped with the latest technology that will allow residents remote access the security system and climate control within their units.

 Transaction Details


Property Address 826-840 S. Mariposa Ave &

849 S. Fedora St, Los Angeles, CA


Acquisition Date 2017

Asset Type Luxury Residential Development

Size Up to 187 Residential Units in Two Separate Projects

 

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