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Multifamily

Vela on Ox

Los Angeles, CA

379 Units

Built in 2018

Core

Investment Highlights

  • STRONG RECENT LEASING TRENDS - Over the last 120 days, Vela on Ox has consistently set higher benchmarks on new leases. Leases signed in the last 15 days are averaging¬†13.5% higher than current rents.
  • IMPECCABLE QUALITY ASSET WITH AN UNBEATABLE AMENITY PACKAGE - Vela on Ox features market-leading designer interiors catered to the most discerning renters and a cutting-edge series of amenities.
  • RENT GROWTH PROJECTIONS ARE OFF THE CHARTS IN WARNER CENTER - ¬†Rent growth has averaged 3.2% annually over the past 10 years with rents projected to grow by 6.7% annually over the next 5 years.

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