8717 S Central Ave - Apartments FOR SALE


Los Angeles, CA 90002- Canndu/Avalon Gardens
$4,000,000 USD
818-325-4142
8717 S Central Ave, Los Angeles, CA for Sale
$4,000,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

8717 S Central Ave
Los Angeles, CA 90002
Canndu/Avalon Gardens


HIGHLIGHTS

  • New Construction- 20 unit multifamily apartment- estimated completion Q2 2026.
  • 100% Affordable housing project.
  • Pro Forma Cap Rate: 8.66%
  • Developed under TOC Tier 2 incentives.
  • Strong opportunity for nonprofit buyers, affordable housing operators and long term investors.
  • Convenient access to transit, employment centers, schools, shopping and major thoroughfares.

OVERVIEW

8717 S. Central Avenue presents a rare opportunity to acquire a newly constructed 2026 multifamily asset in the heart of Los Angeles. 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 fifteen 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. The project was developed under TOC Tier 2 incentives, enhancing density and development efficiency in this transit-oriented location. The property includes 20 long-term bicycle spaces and 2 short-term bicycle parking spaces, with no on-site vehicle parking, consistent with modern urban planning and transit-focused development standards. 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. Located along the Central Avenue corridor, the property benefits from convenient access to public transportation, employment centers, schools, shopping, and major Los Angeles thoroughfares, making it an attractive housing option for residents and a compelling investment opportunity.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$354 USD /SF

# OF UNITS

20

PRICE/UNIT

$200,000

CAP RATE

Request Cap Rate

% LEASED

0%

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MOTIVATED TO SELL: 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

5,995 SF

ZONING

LAC2

APN/PARCEL ID

6042-024-004

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.