The Little Tokyo Community Impact Fund has acquired the Building located at 321-323 East First Street in Little Tokyo. (Photo by Mike Murase/Facebook)
The Little Tokyo Community Impact Fund (LTCIF) announced that it has closed escrow to purchase a commercial building in the heart of Little Tokyo, located at 321-323 E. First Street.
The building currently has three small business tenants. The LTCIF announcement mentioned that the tenants would not have to worry about getting priced out of Little Tokyo due to the economic forces of gentrification.
This is the first commercial building of the LTCIF and a first step to build equity for future acquisitions. The announcement indicated that after the first year of ownership, the LTCIF hopes to be able to issue dividends to all of the patient and understanding investors.
A public community celebration of purchasing the building is being planned and will be announced after the LTCIF Annual Investor Meeting on Sept. 30, 2025.
