- For Sale $6,125,000
- Property Type Other
- Property Size 12,720 SF
- Lot Size 7,872 SF
- Year Built 2026
- Date Updated Aug 27, 2026
Description
An opportunity to acquire a brand-new 2026 construction, 100% affordable housing apartment community located at 10501 S Wilmington Avenue. This modern three-story multifamily asset consists of 26 thoughtfully designed residential units featuring a highly efficient stacked design and fully sprinklered Type VA construction.
The property includes 24 one-bedroom units and 2 single units, and is situated within a Transit Oriented Communities (TOC) Tier 3 designation, offering strong long-term demand fundamentals in a dense infill Los Angeles location. Currently, eight units have already been leased, demonstrating immediate rental demand and occupancy traction.
This building is also a short walk to the soon-to-be expanded “Watts Towers Arts Center” campus. 30,000 additional square feet of new park space will be added for the community.
Built as a 100% privately funded affordable housing project, the property offers investors the opportunity to acquire a newly constructed, low-maintenance asset with modern improvements and strong operational appeal. The building features elevator service, short-term and long-term bicycle parking, and contemporary design elements tailored for today’s urban workforce housing demand.
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