The Bard Apartments
Los Angeles, CA
In November 2016, Champion acquired The Bard Apartments. The Bard is a 30-unit multifamily property located in the heart of the Koreatown submarket.
Koreatown is the most densely populated district in Los Angeles County with an estimated 125,000 residents in 2.7 square miles. It also features one of the largest concentrations of nightclubs, 24-hour businesses and restaurants in Southern California. The property boosts a “Walk Score” of 93 and is located less than two blocks from a Metro subway station at the intersection of Wilshire Blvd and Normandie Ave.
Champion purchased the property with a comprehensive value-add strategy and a robust capital budget. Champion intends to implement that strategy immediately by updating the exterior façade, common areas, and amenities. Champion will further renovate each residential unit as it becomes available as a result of the property being subject to the City of Los Angeles Rent Stabilization Ordinance.