Login

High-Rise Apartments Near Downtown LA Sell for Less Than Purchase Price Eight Years Ago

Harbor Group International Spends $235 Million on Koreatown Property, Reflecting Lower Valuations

The Vermont apartments at 3150 Wilshire Blvd. in Los Angeles have roughly 464 units and about 31,800 square feet of retail space. (CoStar)
The Vermont apartments at 3150 Wilshire Blvd. in Los Angeles have roughly 464 units and about 31,800 square feet of retail space. (CoStar)

An apartment complex in L.A.'s Koreatown neighborhood was sold for less than its purchase price eight years ago in the latest sign of rising interest rates dragging down property values.

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