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CGI Strategies has sold Kodo, a 60-unit, 48,089-square-foot apartment building in Koreatown, to Alhambra Place Partnership for $30 million. CGI developed the property in 2018.

Kodo has a mix of studio, one- and two-bedrooms units. The complex features a common area, courtyard, fitness center and a rooftop lounge with views of the Downtown Los Angeles skyline. The property was transitioning through lease-up during the marketing process—approximately half the units were leased as short-term, furnished rentals at time of sale.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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