StarPoint Properties LLC recently purchased two adjacent apartment buildings located at 249 and 269 S. La Fayette Park Place in the Koreatown submarket of Los Angeles for $40.1 million.
Hollywood Realty sold the properties, which each have a mix of bachelors, singles, and one- and two-bedroom units for a combined total of 268 units.
StarPoint Properties plans to invest in capital improvements that will include interior and exterior upgrades. Existing amenities to the buildings include a pool and spa, laundry room, subterranean parking and leasing office. The company plans to add a fitness center, business center, barbecue area and a roof deck.