$12,350,000

We are pleased to present The Otis Apartments, an exceptional 32-unit luxury apartment community situated at the prominent corner of Fountain Avenue and Havenhurst Drive. Just steps from vibrant Sunset Boulevard, the property offers an outstanding combination of spacious residences, extensive amenities, and access to some of Los Angeles' most celebrated dining, shopping, and nightlife. Built in 1964, The Otis features an exceptional unit mix consisting of one three-bedroom/three-bath residence, 15 two-bedroom/two-bath residences, 15 one-bedroom/two-bath-plus-den residences, and one studio. Averaging more than 1,000 square feet, the generously sized units offer versatile floor plans flooded with natural light. The predominance of two-bedroom/two-bath and one-bedroom/two-bath-plus-den layouts provides residents with ample space for living, entertaining, and working from home. Residences feature central air conditioning, large bedrooms and closets, and expansive private balconies, with select units enjoying incredible views of the Hollywood Hills. Many interiors have been luxuriously upgraded with hardwood flooring and stainless steel appliances, while select residences also feature in-unit washers and dryers. The combination of generous proportions, thoughtful layouts, and upgraded finishes creates a distinctive residential experience. Community amenities include a sparkling pool and spa, an onsite laundry room, intercom entry, and ample subterranean parking. These features complement the property's spacious interiors and provide an appealing retreat within one of the city's most vibrant neighborhoods. The Otis places residents close to the energy of the Sunset Strip and its renowned restaurants, boutiques, entertainment venues, and nightlife. Nearby Santa Monica Boulevard further expands the range of dining, shopping, and neighborhood conveniences, offering a lifestyle that combines residential comfort with exceptional access to the surrounding city. With its prominent corner presence, unusually large residences, distinctive unit mix, and extensive amenities, The Otis Apartments presents a compelling opportunity to acquire a substantial luxury apartment community in a highly desirable Los Angeles location. Priced at approximately $298per square foot, the offering represents an opportunity to acquire the property well below today's replacement cost.