Onyx and Topaz Apartments

Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present for sale

Onyx & Topaz (the “Portfolio”), a 100% market-rate, 321-unit portfolio located in Downtown

Los Angeles consisting of two assets: Onyx South Park & Topaz Historic Core. Offers for

the Portfolio will be considered on individual assets and/or on the total portfolio.

Onyx & Topaz presents a rare opportunity to acquire a two-property portfolio of highquality

luxury multi-housing communities located in the largest urban cluster on the West

Coast. Diversified between the desirable South Park and Historic Core neighborhoods,

Onyx & Topaz combines refined class A living with top-tier amenity offerings. Each

property features a large resort-style pool and spa, ample parking, state-of-the-art fitness

centers, and co-working spaces, meeting all the needs of today’s affluent urban renters.

Each asset offers homes in studio, one, two or three-bedroom configurations, with all

modern amenities including in-unit washer & dryer, induction stainless steel appliances,

floor-to-ceiling windows and more. Residents are attracted by the portfolio’s incredible

proximity to the 71.4M SF of office and 18.1M SF of retail in Downtown Los Angeles, earning

the portfolio an impressive 95 WalkScore on average.

Currently in Downtown Los Angeles, there are zero market-rate mid-rise properties under

construction, and no new construction starts have occurred in nearly 3-years. Onyx &

Topaz presents the ideal entry point into urban Los Angeles, offered at a discount to

replacement cost and facing no new competing supply.