8th + Hope

Downtown Los Angeles, CA – January 10th, 2019 – Infinity Realty Advisors and Financial Capital Investment Co. announced the acquisition of the 8th+Hope, a 290-unit multi-family complex, on behalf of their client. The 22-story multi-family complex sitting on 0.6 acres was constructed in 2014. Ideally located on 8th Street and Hope Street, the property is situated in the urban core next to amenities like Whole Foods and The Bloc. It is two blocks south of the 7th St/ Metro Center rail station, which is a connecting station for the Red, Purple, Expo and Blue lines providing direct access throughout the city.  The property itself also boasts modern amenities such as a resort-style pool and a state of the art gym. Tenants can enjoy indoor/outdoor projection screens, BBQ grills, and a media room in the common areas. Currently, the property is at a 95% occupancy. The new owner has plans to upgrade the common area amenities. “The high occupancy rate is evidence of the strong health of the Downtown market,” said Karin Chao, President of Infinity.