20 One-Bedroom Unit Apartment Building - 100% Affordable

For Sale

1516 W 12th Pl, Los Angeles, CA 90015

This Los Angeles property for sale is located at 1516 W 12th Pl. The current listed sale price for 20 One-Bedroom Unit Apartment Building - 100% Affordable is $4,900,000. 20 One-Bedroom Unit Apartment Building - 100% Affordable is situated on a lot that is 6,249 square feet in size.

Contacts

Reza Ghobadi

Property Details

  • Property Type Other
  • Property Size 10,830 SF
  • Lot Size 6,249 SF
  • Year Built 2026
  • Date Updated May 14, 2026

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.

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.

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Getting around

  • 89/100

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  • 86/100

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  • 76/100

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Location

  • City Los Angeles, CA
  • Neighborhood Pico - Union
  • Zip Code 90015

Points of Interest

  • Westlake/MacArthur Park

    0.85 miles

  • Grand/LATTC

    0.88 miles

  • 7th Street/Metro Center

    0.97 miles

  • 7th Street/Metro Center Station

    1.02 miles

  • Pershing Square

    1.39 miles

  • Olive Street

    1.50 miles

  • Hill Street

    1.53 miles

  • Grand Avenue Arts/Bunker Hill

    1.55 miles

  • San Pedro Street

    1.66 miles

  • Historic Broadway

    1.74 miles

  • 76

    0.27 miles

  • Chevron

    0.58 miles

  • Arco

    0.82 miles

  • Shell

    0.83 miles

  • Electric Vehicle Charging Station

    1.79 miles

  • FLO

    6.37 miles

  • Culver City Supercharger

    7.70 miles

  • Tesla Supercharger

    8.05 miles

  • Parking electrique

    8.27 miles

  • Bond Lot

    0.26 miles

  • Employee Lot

    0.30 miles

  • West Garage

    0.38 miles

  • Venice Parking Garage

    0.53 miles

  • East Garage

    0.54 miles

  • The Metropolitan Apartments Parking Garage

    0.79 miles

  • FIGat7th

    0.80 miles

  • Metro Kiss and Ride

    0.84 miles

  • Grand Avenue Garage

    0.86 miles

  • Westin Bonaventure Hotel Parking Garage

    1.23 miles

  • Casa Bella Inn

    0.43 miles

  • Rodeway Inn Convention Center

    0.44 miles

  • Staples Centre Inn

    0.45 miles

  • Ramada Los Angeles/Downtown West

    0.47 miles

  • The Ritz-Carlton

    0.49 miles

  • JW Marriott Los Angeles L.A. Live

    0.52 miles

  • Moxy

    0.54 miles

  • AC Hotel

    0.54 miles

  • Courtyard

    0.56 miles

  • Residence Inn

    0.57 miles

  • Ross

    0.42 miles

  • Numero Uno Markets

    0.49 miles

  • L.A. Live

    0.60 miles

  • Northgate Market

    0.69 miles

  • Food 4 Less

    0.73 miles

  • Smart & Final

    0.79 miles

  • Ralphs

    0.84 miles

  • FIGat7th

    0.86 miles

  • Target

    0.87 miles

  • Macy's

    0.95 miles

Contact Listing Broker
Reza Ghobadi
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