Onyx South Park

Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present for sale Onyx (the “Property”), a luxury mixed-use asset comprised of 162 market-rate units, 13,202 RSF of ground-floor retail, and 130 parking spaces, located in the South Park submarket of Downtown Los Angeles.

Onyx presents a rare opportunity to acquire a high-quality luxury multi-housing community located in the largest urban cluster on the West Coast. Situated in the desirable South Park neighborhood, Onyx offers refined class A living with top-tier amenity offerings. The property features a large resort-style pool and spa, ample parking, state-of-the-art fitness center, and co-working spaces, meeting all the needs of today’s affluent urban renters. The homes are available 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 Onyx’s incredible proximity to the 71.4M SF of office and 18.1M SF of retail in Downtown Los Angeles, earning the property an impressive 94 WalkScore.

Currently in Downtown Los Angeles, there are zero market-rate mid-rise properties under construction, and no new construction starts have occurred in nearly three years. Onyx presents the ideal entry point into urban Los Angeles, offered at a discount to replacement cost and facing no new competing supply.