10501 Wilmington Ave - Apartments FOR SALE


Los Angeles, CA 90002- Watts
$6,125,000 USD
818-325-4142
10501 Wilmington Ave, Los Angeles, CA for Sale
$6,125,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

10501 Wilmington Ave
Los Angeles, CA 90002
Watts


OVERVIEW

An opportunity to acquire a brand-new 2026 construction, 100% affordable housing apartment community located at 10501 S Wilmington Avenue. This modern three-story multifamily asset consists of 26 thoughtfully designed residential units featuring a highly efficient stacked design and fully sprinklered Type VA construction. The property includes 24 one-bedroom units and 2 single units, and is situated within a Transit Oriented Communities (TOC) Tier 3 designation, offering strong long-term demand fundamentals in a dense infill Los Angeles location. Currently, eight units have already been leased, demonstrating immediate rental demand and occupancy traction. This building is also a short walk to the soon-to-be expanded “Watts Towers Arts Center” campus. 30,000 additional square feet of new park space will be added for the community. Built as a 100% privately funded affordable housing project, the property offers investors the opportunity to acquire a newly constructed, low-maintenance asset with modern improvements and strong operational appeal. The building features elevator service, short-term and long-term bicycle parking, and contemporary design elements tailored for today’s urban workforce housing demand. ? Brand-new 2026 construction ? 26-unit affordable housing apartment building with 28 bicycle parking spaces ? 24 one-bedroom units and 2 single units ? Central AC/Heat – Split System ? Fully sprinklered Type VA construction ? Modern stacked design ? Eight units already leased ? TOC Tier 3 designation ? A short walk to the “Watts Towers Arts Center” campus, with the community park to be expanded by 30,000 square feet ? Elevator serviced building ? Lot Size: ±7,872 SF ? Building Size: ±12,720 SF ? APN: 6065-030-040 ? Zoning: LAC2

FOR SALE DETAILS

PRICE

$6,125,000 USD

PRICE/SF

$425 USD /SF

# OF UNITS

26

PRICE/UNIT

$235,577

CAP RATE

Request Cap Rate

% LEASED

35%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New 2026 Construction | 26 Units | Los Angels

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,872 SF

ZONING

LAC2

APN/PARCEL ID

6065-030-040

ASK ABOUT THIS PROPERTY

Reza GhobadiColliersMore Info
818-325-4142

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Reza GhobadiColliersMore Info
818-325-4142

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.