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

  • Seller Financing Available - Contact Agent for More Information
  • 2026 Construction - 20 Units - 3 story with elevator
  • 100% Affordable Housing
  • Rooftop Deck
  • Central A/C & Heat

OVERVIEW

This is an exceptional opportunity featuring a 20-unit building, three-property affordable housing and newly constructed in South Los Angeles. Scheduled for completion in July 2026, the property offers investors the rare ability to acquire turnkey affordable housing assets with modern construction, efficient layouts, and long-term stabilized income potential. The building 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 deck and dedicated bicycle storage room, enhancing livability while maintaining an efficient, transit-oriented design with no on-site parking requirements. - 2026 New Construction - Estimated Completion: July 2026 - 100% Affordable Housing - All One-Bedroom / One-Bathroom Units - Three-Story Building with Elevator - Central A/C Throughout - Rooftop Deck Amenities - Bicycle Storage Room - 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

SELLER FINANCING AVAILABLE - CONTACT AGENT

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.