Park View Apartments 2 Multifamily Properties Offered at $8,509,140 CAD in Los Angeles, CA

Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present for sale Park View Apartments (the “Portfolio”), a compelling 60-unit multi-housing investment opportunity located in the heart of Los Angeles’ renowned Westlake submarket. The Portfolio represents an exceptional opportunity to acquire two value-add multi-housing communities in one of Los Angeles’ most dynamic and vibrant urban submarkets.
Built in 1923, Park View Apartments showcases period-appropriate architectural design with wood frame and stucco construction, featuring beautifully renovated kitchens with stainless steel fixtures, appliances, and new cabinets. Seller has invested ±$765k in total CapEx since 2023 meticulously renovating 33 of the 60 units and upgrading plumbing, electrical, roofing, and more. The Portfolio comprises of two adjacent 30-unit buildings located on separate parcels with studio and one-bedroom floor plans averaging 500 square feet.
The Properties enjoy 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.