Los Angeles-based Champion Real Company has announced its acquisition of the historic Ancelle Apartments located in Koreatown, Los Angeles.
The 87-unit Ancelle Apartments is ideally situated in Wilshire Corridor, which is only a seven minute walk to the Wilshire/Western Metro Station. The historic building is comprised mostly of studios offering efficient layouts that allow for low absolute rents.
According to their press releases in PR Newswire, Koreatown is considered to the the most densely populated area in the Los Angeles County, with the largest concentration of nightclubs, 24-hour businesses and restaurants in Southern California.