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Multifamily Investors Remain Bullish on Downtown Los Angeles

CoStar Insight: Pricing, Sales Volume Reach All-Time Highs
The newly built Griffin on Spring and Grace on Spring apartment buildings in Los Angeles’ historic downtown sold last year for $406 million, or about $706,000 per unit.  (CoStar)
The newly built Griffin on Spring and Grace on Spring apartment buildings in Los Angeles’ historic downtown sold last year for $406 million, or about $706,000 per unit. (CoStar)
By Steve Basham
CoStar Analytics
February 26, 2020 | 5:24 P.M.

Over the past decade, inventory in the Downtown Los Angeles apartment submarket has expanded more rapidly than almost anywhere in the county.

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