Cityview’s New 296-Unit Downtown LA Community is Now Complete

Real estate development company Cityview has added a 296-unit mixed-income apartment community called Jasper to its portfolio in downtown Los Angeles. The developer broke ground on the project in January 2021 and completed construction in early 2023.

The amenities: The seven-story community offers studio and one and two-bedroom units ranging from 517 to 1,328 square feet. The units include in-unit washers and dryers, and the community amenities include a pool deck with a firepit, a rooftop pool with cabanas, a quad area with an outdoor kitchen, a social lounge with Korean barbecue grills and an outdoor cinema, as well as a dog playground with a dog wash area, coworking space, and a fitness center with a yoga room. The mixed-use community will also offer 5,000 square feet of retail space.

Affordable and sustainable: Cityview has designated 25 of Jasper's units as "very low affordable" and three as "moderately affordable." The units are priced below market rate to make them more accessible to low- and middle-income residents. Jasper was built to LEED Silver standards with sustainability features like a dry well that collects stormwater to refresh the groundwater supply, motion and timing sensors, and high-efficiency plumbing and HVAC systems.

Location, location, location: Located at 2528 S. Grand Ave., Jasper is next to the University of Southern California and near downtown Los Angeles' many retail, restaurant, and nightlife options. The community is also a block away from the Los Angeles County Metropolitan Transportation Authority's 23rd St. metro station, making it a convenient option for commuters.

Lease-up progress: Jasper has experienced strong leasing demand, with a 60% occupancy rate after three months of preleasing efforts. The community is a welcome addition to downtown Los Angeles' growing stock of multifamily housing.