California Landmark Group has unloaded a three-story, 120-unit apartment property in South Los Angeles for $43.4 million, or $362,000 per unit.
The Housing Authority of the City of Los Angeles (HACLA) acquired the 90,983-square-foot building on a 43,000-square-foot lot at 349 South La Fayette Place. HACLA said it will restrict 90 of the units to families earning at or below 80 percent of the area median income, equivalent to $70,640 per year for a single-person household.
