1516 W 12th Pl - Apartments FOR SALE


Los Angeles, CA 90015- Pico-Union
$4,900,000 USD
818-325-4142
1516 W 12th Pl, Los Angeles, CA for Sale
$4,900,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

1516 W 12th Pl
Los Angeles, CA 90015
Pico-Union


HIGHLIGHTS

  • 2026 Construction - 20 Units
  • 3-story with elevator
  • 100% Affordable Housing
  • Rooftop Deck
  • 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.

OVERVIEW

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)

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$452 USD /SF

# OF UNITS

20

PRICE/UNIT

$245,000

CAP RATE

Request Cap Rate

% LEASED

0%

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Built in 2026 * 20 units * $245K/Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LAR4-1

APN/PARCEL ID

5137-032-014

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.