Price: $4,900,000 | New Construction - 2026 | 20-Units | 100% Affordable
Building Area: ±10,830 SF | Lot Size: ±6,249 SF
ADDRESS
1516 W. 12th Place
Los Angeles, CA 90015
This exceptional opportunity features a 20-unit building part of a three-property affordable housing portfolio totaling 72 newly constructed units located across strategic Los Angeles submarkets. Scheduled for completion in April 2026, the portfolio offers investors the rare ability to acquire turnkey affordable housing assets with modern construction, efficient layouts, and long-term stabilized income potential.
The offering consists of:
20 Units – 1516 W. 12th Place: $4,900,000
35 Units – 3217 S. Central Avenue: $8,260,000
17 Units – 4821 Compton Avenue: $4,080,000
Each property is a newly developed three-story building with elevator service, designed to meet modern affordable housing standards while minimizing operational complexity. All units feature one-bedroom / one-bathroom layouts with central air conditioning, appealing to strong tenant demand within the Los Angeles rental market.
Residents will benefit from thoughtfully designed amenities including rooftop decks and dedicated bicycle storage rooms, enhancing livability while maintaining an efficient, transit-oriented design with no on-site parking requirements.
Investors have the flexibility to acquire the assets individually or as a combined portfolio, allowing for strategic capital deployment and scalable ownership.
PROPERTY INFORMATION
20 Unit - Part of a 3-Buildings Portfolio
72 Total Units Across Three Properties
20 Units – 1516 W. 12th Place: $4,900,000
35 Units – 3217 S. Central Avenue: $8,260,000
17 Units – 4821 Compton Avenue: $4,080,000
Available Individually or as Portfolio Acquisition
2026 New Construction
Estimated Completion: April 2026
100% Affordable Housing
All One-Bedroom / One-Bathroom Units
Three-Story Buildings with Elevator
Central A/C Throughout
Rooftop Deck Amenities
Bicycle Storage Rooms
No Parking Requirement (Efficient Design)
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.