Aven Apartments (2025)_Property for Sale
Aven Apartments (2025)_Property for Sale

Aven Apartments (2025)

1120 S Grand Ave, Los Angeles, CA, 90015-2104, US

Description

Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present for sale AVEN (the "Property"); a 100% market-rate Class A, 536-unit, high-rise investment opportunity located in the coveted South Park neighborhood of Downtown Los Angeles.


Completed in 2019, AVEN set a new standard in the Downtown submarket, marrying a top amenity package with best-in-class residences, earning the Property the prestigious 2020 Golden Nugget Award for best mixed-use high-rise. Located steps away from landmarks like Crypto.com Arena and LA Live, AVEN provides easy access to the city's vibrant art and culture scene. The ±422k SF, transit-oriented Property boasts 536 market rate residential units spread across 38 floors, offering breathtaking views of the Hollywood sign and the Downtown Los Angeles skyline. The Property features a diverse mix of living spaces, from studios to one- and two-bedroom units, crowned by three luxurious penthouses. At street level, ±12,455 SF of commercial space is occupied by service-oriented tenants including Orange Theory, South Park Pharmacy, and Pine & Crane, a trending restaurant chain (subsidiaries located in Silverlake & Highland Park). The crown jewel of AVEN is its seventh-floor California Deck, an expansive amenity space that blends indoor and outdoor living. This deck features retractable glass walls, double-sided fireplaces, and panoramic city views. Residents can enjoy a host of amenities on this level including a grand lounge, business center, fitness facilities, barbecue areas, a communal kitchen, dog facilities, outdoor sand volleyball court, professional-grade basketball court, and a resort-style pool and spa. For a more intimate experience, the 32nd-floor Ojai Deck offers a cozy outdoor lounge and fireside gathering space with sweeping urban vistas. AVEN also includes an 808-car parking garage, bicycle parking, and is conveniently situated near a Metro station. AVEN's innovative design incorporates an urban park and a public paseo, enhancing pedestrian accessibility and creating a sense of community.

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Attributes

Number of units
536
Year built
2018
Building area net
789,836 sf
Land area net
1.7 acres

Media

Investment Highlights

  1. Luxury Residences with Floor-to-Ceiling Views
  2. Attractive Basis Significantly Below Replacement Cost
  3. DTLA Supply Cliff Drives Strong Rent Growth
  4. One of One Amenity Set
  5. Convenient and Accretive Ground Floor Retail (Fitness, Pharmacy, Restaurant)
  6. South Park: DTLA's Safest and Cleanest Neighborhood
Aven Apartments (2025) 4_Property for Sale
Aven Apartments (2025) 4_Property for Sale

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Last updated
1 Jul 2025