Family trust plans 29 boutique condos in Koreatown

Los Angeles /
Aug.August 29, 2016 02:00 PM

Koreatown is seeing a condo kick as of late.

Plans have been filed for a 29-unit condo complex at 900 South Kenmore Avenue, according to city planning documents.

Family trust representative Jim Choi is the owner of the two lots that total 0.3 acres. He owns another Koreatown multifamily complex on Hobart Boulevard.

He acquired one of them for $1.2 million in October of last year, CoStar shows. A six-unit Class C apartment building currently sits on the property.

Just last week, plans were filed for a 228-condo project at on the block bound by Olympic Boulevard, Vermont Avenue, 11th Street and Menlo Avenue. Compared to other major L.A. submarkets, Koreatown saw the highest price increase as well as the biggest increase in sales between May 2015 and May 2016, according to a Polaris Pacific report.


Related Articles

arrow_forward_ios
701-710 S New Hampshire Ave and Bridge Housing principal Ken Lombard (Google Maps, Bridge Housing)
Nonprofit plans 6-story homeless-affordable complex in Koreatown
Nonprofit plans 6-story homeless-affordable complex in Koreatown
603 Mariposa Avenue and Housing Diversity Corporation's Brad Padden (Google Maps, Housing Diversity Corporation)
Seattle micro-housing developer extends LA push in Koreatown
Seattle micro-housing developer extends LA push in Koreatown
Gidi Cohen looks to flip K-Town apartments for $79.5M
Gidi Cohen looks to flip K-Town apartments for $79.5M
Gidi Cohen looks to flip K-Town apartments for $79.5M
Urban Offerings founder Dean Nucich and Forme Development President Damon Chan (Urban Offerings, Forme Development)
K-Town tower trims transient units, grows to 40 stories, gets City Council OK
K-Town tower trims transient units, grows to 40 stories, gets City Council OK
ELK Development founder Evan Kasper and renderings of 728 South Manhattan Place (ELK, OFFICEUNTITLED)
ELK Development plans 2nd Koreatown apartment complex
ELK Development plans 2nd Koreatown apartment complex
Newly built Koreatown apartment complex asks $35M
Newly built Koreatown apartment complex asks $35M
Newly built Koreatown apartment complex asks $35M
The complexes at 310 and 315 South Virgil Avenue (Iconic Investments)
Xenon Investments buys 130 units in Koreatown for $41M
Xenon Investments buys 130 units in Koreatown for $41M
Mariposa on 3rd
CGI Strategies secures $42M loan on Koreatown apartment complex
CGI Strategies secures $42M loan on Koreatown apartment complex
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...