Price: $4,000,000 | New Construction - 2026 | 20-Units | 100% Affordable
Building Area: ±11,288 SF | Lot Size: ±5,995 SF
ADDRESS
8717 S. Central Avenue
Los Angeles, CA 90002
8717 S. Central Avenue presents a rare opportunity to acquire a newly constructed 2026 multifamily asset in the heart of Los Angeles. This modern three-story, 20-unit apartment community has been thoughtfully designed as a 100% affordable housing project, catering to the growing demand for quality workforce housing in a high-density urban corridor.
The property consists of an efficient unit mix of fifteen one-bedroom apartments and five studio units, designed to maximize livability and long-term tenant demand. Residents will enjoy contemporary amenities including elevator access and a rooftop deck offering additional outdoor space and city views.
Situated on a 5,995 square foot LAC2-zoned lot, the building contains approximately 11,288 square feet of gross building area. The project was developed under TOC Tier 2 incentives, enhancing density and development efficiency in this transit-oriented location. The property includes 20 long-term bicycle parking spaces and 2 short-term bicycle parking spaces, with no on-site vehicle parking, consistent with modern urban planning and transit-focused development standards.
Estimated certificate of occupancy is anticipated in the second quarter of 2026, allowing investors to capitalize on a newly delivered, low-maintenance asset positioned for immediate lease-up and long-term stable income.
Located along the Central Avenue corridor, the property benefits from convenient access to public transportation, employment centers, schools, shopping, and major Los Angeles thoroughfares, making it an attractive housing option for residents and a compelling investment opportunity.
PROPERTY INFORMATION
New construction – estimated completion /Certificate of Occupancy Q2 2026
20-unit multifamily apartment community
100% affordable housing project
Three-story modern building
Unit mix: 15 one-bedroom units and 5 studio units
Elevator serviced building
Rooftop deck for resident use
Approximate gross building size: 11,288 SF
Approximate lot size: 5,995 SF
No on-site vehicle parking
20 long-term bicycle parking spaces
2 short-term bicycle parking spaces
Developed under TOC Tier 2 incentives
Zoning: LAC2
Low-maintenance, newly built asset
Strong opportunity for nonprofit buyers, affordable housing operators, and long-term investors
Convenient access to transit, employment centers, schools, shopping, and major thoroughfares
THIS IS NOT A PUBLIC HOUSING FACILITY OWNED AND OPERATED BY, FOR OR ON BEHALF OF A PUBLIC ENTITY, AND NO TAX CREDIT RECEIVED FROM STATE OR FEDERAL.
NOT A TCAC FACILITY, AND NOT A SOCIAL SERVICE CENTER. 100% PRIVATELY FUNDED.