Colliers is pleased to present the Oviatt Apartments, a 117 Unit, Mixed Use Multifamily and Retail Investment perfectly positioned adjacent to the metro, a block from the Los Angeles Convention Center and Crypto.com Arena, and in the heart of South Park, which is the most sought-after neighborhood in Downtown Los Angeles.
Ownership has invested over $1 Million Dollars Renovating the 42,136 square foot property. Ownership is currently leasing 70% of the units through LAHSA, providing a potential buyer with a stabilized asset and minimal lease-up risk.
The strategically positioned LAC4 zoned site allows significant future development from its location in an Opportunity Zone and the revised Downtown Community Plan which encourages greater density within transit community neighborhoods by 2040.