Champion South Glendale
In September 2018, Champion acquired a two property apartment portfolio in the city of Glendale, CA. The portfolio consists of 62 market rate units in buildings built in the early 1960’s. Champion purchased the properties off-market directly from the Seller, a private individual, who had owned the assets for almost 30 years.
Champion will begin immediately on a robust interior and exterior physical improvement and renovation program. It will also address significant deferred maintenance issues stemming from the previous long-term owner including seismic retrofitting on both properties, though not required by the city.
Champion was attracted to this portfolio because of its upside in one of Los Angeles’ premier live-work-play markets with great retail, entertainment, open space, schools and access to job centers.