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Koreatown’s City Heights Sold

Photo courtesy of Stephen Bay
Declaring Koreatown sorta groovy, the LA Times looks at the sale of City Heights, a sprawling, 687-unit apartment complex at West 3rd St. and S. Westmoreland Ave. Kennedy Wilson paid $120 million for the complex, so expect renovations and rising rents: $1,100/month for studios and $2,000 for the largest two-bedroom units. A Times graphic shows off the pool, tennis courts, and basketball court of the project, while locals talk up the nabe's late night tofu.
UPDATED: Fixed photo, thank you commentators.
· Real estate deal signals Koreatown's rebound [LA Times]