Broadway Palace

Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present for sale Broadway Palace (the “Property”); a 649-unit, 100% market rate, highly amenitized multi-housing opportunity with 40,200 square feet of ground-floor retail. Situated in Downtown Los Angeles’ Fashion District and directly adjacent to South Park, the Property spans two buildings and offers a diverse mix of studio, one-, two-, and three-bedroom residences averaging ±861 square feet.

Delivered in 2016, the Property features an exceptionally rare amenity package highlighted by a NBA regulation indoor basketball court, private movie theatre, state-of-the-art fitness centers, multiple outdoor pools and jacuzzis, sauna, putting green, full-size volleyball court, business center, and rooftop lounge. Broadway Palace’s prime positioning at the South Park/Fashion District border establishes it as one of DTLA’s most convenient addresses, earning a 95 WalkScore, 92 BikeScore, and a perfect 100 Transit Score. This rare combination reflects the Property’s superior connectivity to the region’s premier employment, entertainment, and cultural destinations.

The current supply landscape further enhances the investment appeal as there is only one 100+ unit, market-rate asset under construction in DTLA. Offered at a discount to replacement cost, Broadway Palace presents a compelling opportunity to acquire a stabilized, institutional quality asset in a supply-constrained urban market with no near-term competitive pressure.