Private Investor Acquires The Deveraux Apartments in Los Angeles for $4.7M

LOS ANGELES — A private investor has purchased The Deveraux apartment building in the Los Angeles submarket of Koreatown for $4.7 million. The community is located at 2921 S. Francis Ave. The majority of the units were recently renovated. The Deveraux is now 90 percent leased. The buyer represented itself in this transaction, while Dana Brody of Commercial Asset Group represented the seller, ASBREA LLC.