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The Esquire Sold for $22.7M

117 Units Sold in Koreatown
March 26, 2014
The Roberts Companies purchased The Esquire apartment complex at 274 S. La Fayette Park Place in Los Angeles, CA for $22.7 million, or about $194,000 per unit, from Watermarke Properties, Inc.

Built in 1972, the three-story, 117-unit multifamily property consists of three studios, 105 one-bedroom and nine two-bedroom units. The property was 97% occupied at time of sale. A majority of the complex, including common areas, were recently renovated prior to sale. The buyer plans to upgrade the remaining 30 units.

Dario Svidler of Triad Realty Group represented the buyer. Michael Koshet of Help Me Rent, Inc. represented the seller.

Please refer to CoStar COMPS #2976310 for more information on this transaction.
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