Sale of Koreatown Investment
Updated: Dec 18, 2018
On April 17, 2018, The Goldfinger Group completed its investment of this 12 unit property located in Koreatown, between Vermont and Normandie.
The property was acquired with deferred maintenance and rents well below market. Through TGG's stabilization program, the exterior of the building and unit interiors were fully renovated. The beautification of the building was able to create a positive impact on the neighborhood and raise the overall income. The photos below demonstrate the difference from when the building was acquired to when it was sold.
Upon completing this investment, The Goldfinger Group executed a 1031 exchange by purchasing a new value-add multifamily property.
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