A developer snapped up two affordable housing projects in Los Angeles and plans to spend millions renovating them at a time when investors and public officials are looking to increase and improve the stock of housing for lower-income renters throughout the country.
Los Angeles affordable housing sales showcase investor interest
Community Preservation Partners bought two complexes as buyers seek similar properties nationwide
CoStar News
December 18, 2024 | 9:10 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- MCA III
3940 Gibraltar Ave, Los Angeles, CA
- Normandie Villas
2633 Normandie Ave, Los Angeles, CA
- Companies
- Community Preservation Partners, LLC
Real Estate
- Contacts
- John Fraser
Vice President-CPP East, Community Preservation Partners, LLC