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MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC<br />
PAGE 65<br />
KOREATOWN<br />
THE SUMMIT ON SIXTH<br />
3223 W. 6TH ST<br />
PROJECT INFORMATION<br />
Developer: Big Rock Partners<br />
Submarket: Koreatown<br />
Number of Homes: 96<br />
HOA Fees: $720-$870<br />
Sales Start Date: Mar ’08<br />
Sales End Date: Feb ’10<br />
Avg. Absorption: 4.1 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
1-BED AVGS 2 1,510 $667,000 $447 - - 35<br />
ACTIVE<br />
2-BED AVGS 1 1,430 $595,000 $416 - - 64<br />
- - - - - - - -<br />
1-BED AVGS 1 1,690 $739,000 $437 - - 8<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
1-BED AVGS 4 1,225 $553,125 $452 $541,000 $443 57<br />
SOLD<br />
2-BED AVGS 5 1,664 $730,800 $439 $710,000 $426 89<br />
- - - - - - - -<br />
KOREATOWN<br />
BARCELONA TOWERS<br />
625 S. BERENDO ST<br />
PROJECT INFORMATION<br />
Developer: Berendo Tower, LLC<br />
Submarket: Koreatown<br />
Number of Homes: 77<br />
HOA Fees: $300-$450<br />
Sales Start Date: Jul ‘05<br />
Sales End Date: Oct ‘07<br />
Avg. Absorption: 2.9 Units/Mo.<br />
MLS MARKET ACTIVITY (PAST 12 MONTHS)<br />
STATUS TYPE #LISTINGS SIZE SF LIST PRICE LIST PSF SOLD PRICE SOLD PSF DOM<br />
- - - - - - - -<br />
ACTIVE<br />
- - - - - - - -<br />
- - - - - - - -<br />
- - - - - - - -<br />
PENDING<br />
- - - - - - - -<br />
- - - - - - - -<br />
2-BED AVGS 1 1,200 $549,000 $458 $535,000 $446 6<br />
SOLD<br />
3-BED AVGS 2 1,400 $582,500 $416 $582,500 $416 49<br />
- - - - - - - -<br />
LOS ANGELES MARKET REPORT, MAY 2016
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