CHINATOWN METRO APTS PROJECT SELLS FOR $9M

by admin

LOS ANGELES – The Chinatown Metro Apartments project in Los Angeles has been sold to Meta Housing for $9 million. This stalled affordable housing project consists of two buildings and 152,127 square feet. It is located at 808 S. Spring Street in Los Angeles’ Chinatown submarket. The former office property will be converted into affordable housing units under the City of Los Angeles’ Adaptive Reuse Ordinance. Meta Housing, an affordable housing developer, plans to complete the conversion and deliver 123 affordable housing units to the area in early 2013. Charles Dunn’s Albert Shilton represented Meta Housing. The property was sold by the KOR Group as a short sale through the lender, Bank of America.

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