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8/17/15
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In a recent Los Angeles apartment sales comp, The Kelsey, a multifamily property situated just west of downtown Los Angeles, sold for $13.1 mil, or $319.5k/unit. The property is located at 1408 West Washington Blvd, north of I-10 between Hoover St and Vermont Ave.
Built in 2012, the property's 41 units offer one-, two- and three-bedroom floor plans. Unit amenities include high ceilings, granite countertops, stainless steel appliances, custom paint and cabinetry, washers and dryers and wood-style flooring. Community amenities include two levels of subterranean secured parking, an elevator, and a recreation and entertainment room.
The Kelsey is located near Interstate Routes 10 and 110 and three miles from downtown Los Angeles and the Walt Disney Concert Hall. The area's top employers include VXI Global Solutions, University of Southern California, USC Medical Center and Kaiser Permanente.
The buyer was BR Workforce LLC of Westlake Village. The seller was DIG Kelsey Residences LLC of Laguna Beach.
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