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Built in 2026 * 20 units * $245K/Unit 1516 W 12th Pl 20 Unit Apartment Building $4,900,000 ($245,000/Unit) Los Angeles, CA 90015

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Investment Highlights

  • 2026 Construction - 20 Units
  • 100% Affordable Housing
  • Opportunity to acquire subject property Individually or as part of a portfolio Including 17 units at 4821 Compton Avenue and/or 35 units at 3217 S.
  • 3-story with elevator
  • Rooftop Deck

Executive Summary

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.
1. 20 Unit - Part of a 3-Buildings Portfolio
2. 72 Total Units Across Three Properties
o 20 Units – 1516 W. 12th Place: $4,900,000
o 35 Units – 3217 S. Central Avenue: $8,260,000
o 17 Units – 4821 Compton Avenue: $4,080,000
3. Available Individually or as Portfolio Acquisition
4. 2026 New Construction
5. Estimated Completion: April 2026
6. 100% Affordable Housing
7. All One-Bedroom / One-Bathroom Units
8. Three-Story Buildings with Elevators
9. Central A/C Throughout
10. Rooftop Deck Amenities
11. Bicycle Storage Rooms
12. No Parking Requirement (Efficient Design)

Property Facts

Price $4,900,000
Price Per Unit $245,000
Sale Type Investment
No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.14 AC
Construction Status Under Construction
Building Size 10,830 SF
Average Occupancy 0%
No. Stories 3
Year Built 2026
Zoning LAR4-1

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower

Site Amenities

  • Roof Terrace
  • Elevator

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 20 - -
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (86)
Bike Score®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
5137-032-014
Land Assessment
$1,040,400
Improvements Assessment
$104,040
Total Assessment
$1,144,440
  • Listing ID: 39591787

  • Date on Market: 2/26/2026

  • Last Updated:

  • Address: 1516 W 12th Pl, Los Angeles, CA 90015

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