New Affordable Housing
For Sale
Contact for pricing
1516 W 12th Pl, Los Angeles, CA 90015
20-unit apartment building in Los Angeles, completion April 2026.
Property Size10,830 SF
Price / SF$452.45
Days on Market170
Property Features for 1516 W 12th Pl
General Information
Standard status
Active
Size
10,830 SF
Property subtype
Multifamily
Zoning
LAR4-1
Building Details
Year Built
2026
Buildings
1
Stories
3
Units
20
Listing Agency:
Colliers - Los Angeles - Woodland Hills, California
(818) 325-4142
Listed By:
Reza Ghobadi · License #01780045
Source:
Crexi
Added: Feb 27
Changed: Aug 8
Last Checked: Aug 14 at 6:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Los Angeles - Woodland Hills, California
Investment Insights
Based on property information with market context.
This is a 20-unit building that is part of a three-property affordable housing portfolio totaling 72 newly constructed units located across strategic Los Angeles submarkets. The building is scheduled for completion in April 2026. It offers the ability to acquire a turnkey affordable housing asset with modern construction, efficient layouts, and long-term stabilized income potential. The 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. The property size is 10,830 square feet.
Key Highlights
- Newly constructed (2026) affordable housing units offering modern construction and efficient layouts.
- Part of a larger 72‑unit portfolio, providing potential for scalable ownership and strategic capital deployment.
- Turnkey assets with long‑term stabilized income potential.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,929
Businesses Nearby
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Business Placement
Demographics for 90015, CA
27,324
Population
14,635
Households
1.9
Avg Household Size
34
Median Age
48%
College-Educated
79%
High-School Grad
1.7 sq mi
ZIP Area
16,073
Density / Sq Mi
$63,211
Median Household Income
$47,819
Median Earnings
$2,385
Median Rent
$1,000,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 20-unit apartment building in Los Angeles, completion April 2026.
Where is this apartment building located?
The property is located at 1516 W 12th Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Newly constructed (2026) affordable housing units offering modern construction and efficient layouts.; Part of a larger 72‑unit portfolio, providing potential for scalable ownership and strategic capital deployment.; Turnkey assets with long‑term stabilized income potential.
