Sold Price $56,500,000
309 Unit Apartment Complex
Michael Mortimer was the financial analyst and manager of the brokerage team that sold this beautifully maintained property located in the historic core of Downtown Los Angeles. He completed all financial analysis, assisted with tours, and oversaw the escrow process making sure it was a smooth closing. This senior housing property was originally built in 1922 and now has been completely renovated with updated modern features. It is truly a unique and beautiful historic property with an exceptional amenity package in a downtown market that continues to rapidly evolve. The property provides much needed affordable housing to the downtown Los Angeles core.
