Apartment Community in LaFayette Park Provides Los Angeles with Much-Needed Affordable Housing Solution
Los Angeles, Calif. April 3, 2024 – Colliers is pleased to announce the sale of a three-story, 120-unit apartment community in the historic Los Angeles neighborhood of La Fayette Park, consisting of a 90,983-square-foot building on a 43,000-square-foot lot. Located on a wide, tree-lined street at 349 S. La Fayette Place, the asset generated multiple competing offers, selling for $43,440,000—approximately $362,000 per unit and $477 per square foot.