3217 S Central Ave.

Starting Bid: $1,750,000  |  Auction Dates: October 19-21, 2026​​​​​​​

This exceptional opportunity features a 35-unit affordable housing building, newly constructed in South Los Angeles. Scheduled for completion in Q3 2026, the property offers investors the rare ability to acquire a turnkey affordable housing asset with modern construction, efficient layouts, and long-term stabilized income potential.
       
3217 S Central Avenue 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.
      
Encompassing a 9,003-square-foot, LAC2-zoned lot, the building contains approximately 16,704 square feet of gross building area. 3217 S Central Avenue was developed under TOC Tier 2 incentives, enhancing density and development efficiency. Residents will have access to thoughtfully designed amenities, including a rooftop deck and dedicated bicycle storage with capacity for 35 bikes, enhancing overall livability while supporting an efficient, transit-oriented design without on-site parking.
      
Located approximately 8 miles south of Downtown Los Angeles, the property benefits from a well-connected infill location with convenient access to Interstate 110 and major regional employment, education, and cultural destinations. Nearby landmarks include Exposition Park, the Natural History Museum of Los Angeles County, and the University of Southern California, further enhancing the area’s long-term appeal. The surrounding neighborhood offers a strong mix of residential density, local retail, schools, and everyday conveniences, supporting consistent renter demand. With its accessible urban setting and proximity to key Los Angeles hubs, the location provides an attractive balance of affordability, connectivity, and neighborhood amenities.
       
Property tours are available by appointment only. Please contact the listing broker to schedule.

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