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Brand-New Affordable Housing Investment 8717 S Central Ave 20 Apartment Units Online Auction Sale Los Angeles, CA 90002
Matterport 3D Tour
Investment Highlights
- 8717 S Central Avenue offers a newly constructed multifamily asset located in the heart of Los Angeles, estimated for delivery in Q2 2026.
- Property was developed under TOC Tier 2 incentives, enhancing both density and development efficiency in a transit-oriented location.
- Prime location along the Central Avenue corridor, close to public transit, employment centers, schools, shopping, and major thoroughfares.
- 100% affordable housing project offering robust opportunity for nonprofit buyers, affordable housing operators, and long-term investors.
- Flexible unit mix of one-bedroom and studio apartments, with contemporary amenities that include elevator access and a rooftop deck with city views.
- Exceptional investment opportunity to capitalize on a newly delivered, low-maintenance asset positioned for immediate lease-up and long-term income.
Executive Summary
8717 S Central Avenue presents a rare opportunity to acquire a newly constructed 2026 multifamily asset in the heart of Los Angeles, California. 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 15 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. 8717 S Central Avenue 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 two short-term bicycle parking spaces, with no on-site vehicle parking, consistent with modern urban planning and transit-focused development standards. An 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.
Positioned within the Canndu/Avalon Gardens Multifamily Submarket, the asset enjoys a prime location within a competitive rental environment. Vacancies in the submarket currently sit at just 6.4%, with renters migrating from coastal neighborhoods seeking proximity to pivotal entertainment and employment hubs such as Hollywood Park and LAX. Located along the Central Avenue corridor, 8717 S Central Avenue further benefits from convenient access to public transportation, schools, shopping, and major Los Angeles thoroughfares like Interstate 110, making it an attractive housing option for residents and a compelling investment opportunity.
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.
Seller Financing may be available to some buyers. Please reach out to Reza Ghobadi at (818)793-2923 to discuss.
The property consists of an efficient unit mix of 15 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. 8717 S Central Avenue 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 two short-term bicycle parking spaces, with no on-site vehicle parking, consistent with modern urban planning and transit-focused development standards. An 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.
Positioned within the Canndu/Avalon Gardens Multifamily Submarket, the asset enjoys a prime location within a competitive rental environment. Vacancies in the submarket currently sit at just 6.4%, with renters migrating from coastal neighborhoods seeking proximity to pivotal entertainment and employment hubs such as Hollywood Park and LAX. Located along the Central Avenue corridor, 8717 S Central Avenue further benefits from convenient access to public transportation, schools, shopping, and major Los Angeles thoroughfares like Interstate 110, making it an attractive housing option for residents and a compelling investment opportunity.
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.
Seller Financing may be available to some buyers. Please reach out to Reza Ghobadi at (818)793-2923 to discuss.
Matterport 3D Tour
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Miscellaneous
Market Analytics Click Here to Access
Property Facts
| Sale Type | Investment | Lot Size | 0.14 AC |
| Sale Condition | Auction Sale | Construction Status | Under Construction |
| Type of Ownership | Fee Simple | Building Size | 11,288 SF |
| No. Units | 20 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2026 |
| Apartment Style | Low-Rise | Parcel Number | 6042-024-004 |
| Building Class | B | ||
| Zoning | LAC2 - C2-1VL-CPIO | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| 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 | 11,288 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2026 |
| Zoning | LAC2 - C2-1VL-CPIO |
| Parcel Number | 6042-024-004 |
Amenities
Site Amenities
- Roof Terrace
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | 378 - 401 |
| Studios | 5 | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Sale Advisor
Sale Advisor
Reza Ghobadi, Executive Vice President
Reza Ghobadi
Executive Vice President | Colliers International
The Ghobadi Investment Team
With more than 30 years of negotiation experience and nearly two decades specializing in investment real estate, Reza Ghobadi is a trusted advisor to investors, developers, and institutions across Los Angeles County. He focuses on the acquisition and disposition of multifamily properties and development land throughout Los Angeles, San Fernando Valley, and the Tri-Cities markets of Burbank, Glendale, and Pasadena. Since launching his commercial real estate career in 2006, Ghobadi has built a reputation for delivering strategic guidance, maximizing asset value, and successfully navigating complex transactions. He was recognized as Rookie of the Year early in his career and has consistently ranked among the firm’s top producers, culminating in his promotion to Executive Vice President in 2022. Prior to joining Colliers, Ghobadi was an entrepreneur who owned and operated a successful hospitality and transportation company employing more than 50 professionals. This operational background provides him with a unique owner’s perspective, allowing him to advise clients not only as a broker, but as a business strategist focused on long-term investment performance.
Throughout his career, Ghobadi has held progressively senior brokerage and leadership roles, including Director of Special Asset Services, where he specialized in the disposition of distressed assets and REO properties during challenging market cycles. His experience across multiple market conditions enables clients to make informed decisions in both expansionary and transitional environments. Fluent in English, Swedish, and Farsi, Ghobadi serves a diverse international client base and has cultivated long-standing relationships with private investors, family offices, developers, and institutional owners throughout the Los Angeles Basin. His commitment to integrity, market knowledge, and results-driven execution has earned him a loyal following and consistent industry recognition.
Executive Vice President | Colliers International
The Ghobadi Investment Team
With more than 30 years of negotiation experience and nearly two decades specializing in investment real estate, Reza Ghobadi is a trusted advisor to investors, developers, and institutions across Los Angeles County. He focuses on the acquisition and disposition of multifamily properties and development land throughout Los Angeles, San Fernando Valley, and the Tri-Cities markets of Burbank, Glendale, and Pasadena. Since launching his commercial real estate career in 2006, Ghobadi has built a reputation for delivering strategic guidance, maximizing asset value, and successfully navigating complex transactions. He was recognized as Rookie of the Year early in his career and has consistently ranked among the firm’s top producers, culminating in his promotion to Executive Vice President in 2022. Prior to joining Colliers, Ghobadi was an entrepreneur who owned and operated a successful hospitality and transportation company employing more than 50 professionals. This operational background provides him with a unique owner’s perspective, allowing him to advise clients not only as a broker, but as a business strategist focused on long-term investment performance.
Throughout his career, Ghobadi has held progressively senior brokerage and leadership roles, including Director of Special Asset Services, where he specialized in the disposition of distressed assets and REO properties during challenging market cycles. His experience across multiple market conditions enables clients to make informed decisions in both expansionary and transitional environments. Fluent in English, Swedish, and Farsi, Ghobadi serves a diverse international client base and has cultivated long-standing relationships with private investors, family offices, developers, and institutional owners throughout the Los Angeles Basin. His commitment to integrity, market knowledge, and results-driven execution has earned him a loyal following and consistent industry recognition.
About the Auction Technology
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Auction Contact
Molly Patten
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr 01937601. Ten-X Auction Surety Bond 106465786
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
Brand-New Affordable Housing Investment | 8717 S Central Ave
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Brand-New Affordable Housing Investment | 8717 S Central Ave
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