Terra-Petra supported Frymer Construction to successfully ensure the environmental integrity of the Micropolitan at Urban Lights Multifamily Community project — located near the Los Angeles County Museum of Art and the up-and-coming LA Metro Purple Line station in Downtown Los Angeles.
POSTED ON BY NELLIE DAY
The Micropolitan is situated near the Los Angeles County Museum of Art, and is within a two-minute walk of the Los Angeles Metro Purple Line station, which will soon debut.
LOS ANGELES — A private 1031 exchange investor has purchased The Micropolitan at Urban Lights, a 45-unit multifamily community in the Miracle Mile submarket of Los Angeles, for $27.1 million. The community is located at 739 S. Ogden Drive.
The Micropolitan was built in 2015. It is situated near the Los Angeles County Museum of Art, and is within a two-minute walk of the Los Angeles Metro Purple Line station, which will soon debut.
Ron Harris and Paul Darrow of Institutional Property Advisors represented the seller, Micropolitan, a subsidiary of Psomas, in this transaction.