CPP Announces Acquisition of Ramona Park in Los Angeles County

CPP Announces Acquisition of Ramona Park in Los Angeles County

The project will preserve 49 affordable housing units in Baldwin Park, Calif....

CPP Acquires Fourth L.A. Affordable Complex Over Past Year

An affordable housing developer has got its hands on its fourth project in Los Angeles County just over the past 12 months, this time in the Baldwin Park, Calif. Community Preservation Partners (CPP) paid $23.3 million for the 49-unit Ramona Park at 13870 Ramona Boulevard. San Francisco-based Belveron Partners sold the asset, according to property records. CPP plans to spend an additional $75,000 per unit on renovations, bringing its full invest…