Description

Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present for sale Park View Apartments (the “Property”), a compelling 60-unit multi-housing investment opportunity located in the heart of Los Angeles’ renowned Westlake submarket. The Property represents an exceptional opportunity to acquire a value-add multi-housing community in one of Los Angeles’ most dynamic and vibrant urban submarkets. With 33 out of the 60 units renovated, this presents an opportunity to renovate the remaining units and capture market rents in the Westlake submarket.

Built in 1923, Park View Apartments showcases period-appropriate architectural design with beautifully renovated kitchens featuring stainless steel fixtures, appliances, and new cabinets. The Property comprises 60 thoughtfully designed residential units spanning studio and one-bedroom configurations, with floor plans averaging 500 square feet.

The Property enjoys an unparalleled location with proximity to major employment centers including Downtown Los Angeles and Koreatown, making it highly attractive to prospective renters. With an exceptional Walk Score of 97 (Walker’s Paradise) and Transit Score of 85 (Excellent Transit), residents benefit from outstanding access to public transportation, with major bus lines and metro rail connectivity just a short walk away. This central location positions Park View as an ideal residential choice for residents seeking urban living with car-optional convenience while remaining close to Los Angeles’ diverse amenities, entertainment districts, and major employment centers.

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