15 Hrs
Source:
Los Angeles Times
_1777370220974_847775619.png&w=48&q=75){kind=small}
Foreclosure threat at L A Metropolitan apartment
A historic downtown Los Angeles apartment building, designed by John Parkinson and built in 1913, is up for sale as its owners face foreclosure due to missed payments on a $32 million loan. The building's residential units are nearly fully occupied, but its ground-floor retail spaces are vacant amid broader struggles in downtown's commercial area, affected by declining foot traffic and economic challenges. The property is recognized as a city historic-cultural monument, and its ownership by the Fallas family has led to a court-ordered foreclosure process initiated by a lender’s servicer.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)