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New 2026 TOC Affordable Housing Asset 3217 S Central Ave 35 Apartment Units Online Auction Sale Los Angeles, CA 90011
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Investment Highlights
- 3217 S Central Avenue presents investors with the opportunity to purchase a newly constructed affordable housing asset in South Los Angeles.
- Comprising 35 one-bed units across three stories, this modernly designed complex will feature a rooftop deck, elevator service, and central AC/heat.
- Centrally located, close to attractions such as the University of Southern California, the Los Angeles Convention Center, and Dodger Stadium.
- Appealing surrounding Canndu/Avalon Gardens neighborhood demographics, where over 76.2% of households within a 1-mile radius are renter-occupied.
Executive Summary
This exceptional opportunity features a 35-unit affordable housing building, newly constructed in South Los Angeles. Scheduled for completion in June 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.
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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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Miscellaneous
Market Analytics Click Here to Access
Property Facts
| Sale Type | Investment | Building Class | B |
| Sale Condition | Auction Sale | Lot Size | 0.21 AC |
| Type of Ownership | Fee Simple | Building Size | 16,704 SF |
| No. Units | 35 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2026 |
| Apartment Style | Low-Rise | Parcel Number | 5114-019-013 |
| Zoning | C2-1VL-CPIO | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 16,704 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2026 |
| Zoning | C2-1VL-CPIO |
| Parcel Number | 5114-019-013 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Tenant Controlled HVAC
- Roof Terrace
- Elevator
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 35 | - | - |
Moderately walkable
70/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
60/100
Sale Advisor
Sale Advisor
Reza Ghobadi, Executive Vice President
Reza Ghobadi
Executive Vice President | Colliers International
The Ghobadi Investment Team
With more than 30 years of negotiation experience and nearly two decades specializing in investment real estate, Reza Ghobadi is a trusted advisor to investors, developers, and institutions across Los Angeles County. He focuses on the acquisition and disposition of multifamily properties and development land throughout Los Angeles, San Fernando Valley, and the Tri-Cities markets of Burbank, Glendale, and Pasadena. Since launching his commercial real estate career in 2006, Ghobadi has built a reputation for delivering strategic guidance, maximizing asset value, and successfully navigating complex transactions. He was recognized as Rookie of the Year early in his career and has consistently ranked among the firm’s top producers, culminating in his promotion to Executive Vice President in 2022. Prior to joining Colliers, Ghobadi was an entrepreneur who owned and operated a successful hospitality and transportation company employing more than 50 professionals. This operational background provides him with a unique owner’s perspective, allowing him to advise clients not only as a broker, but as a business strategist focused on long-term investment performance.
Throughout his career, Ghobadi has held progressively senior brokerage and leadership roles, including Director of Special Asset Services, where he specialized in the disposition of distressed assets and REO properties during challenging market cycles. His experience across multiple market conditions enables clients to make informed decisions in both expansionary and transitional environments. Fluent in English, Swedish, and Farsi, Ghobadi serves a diverse international client base and has cultivated long-standing relationships with private investors, family offices, developers, and institutional owners throughout the Los Angeles Basin. His commitment to integrity, market knowledge, and results-driven execution has earned him a loyal following and consistent industry recognition.
Executive Vice President | Colliers International
The Ghobadi Investment Team
With more than 30 years of negotiation experience and nearly two decades specializing in investment real estate, Reza Ghobadi is a trusted advisor to investors, developers, and institutions across Los Angeles County. He focuses on the acquisition and disposition of multifamily properties and development land throughout Los Angeles, San Fernando Valley, and the Tri-Cities markets of Burbank, Glendale, and Pasadena. Since launching his commercial real estate career in 2006, Ghobadi has built a reputation for delivering strategic guidance, maximizing asset value, and successfully navigating complex transactions. He was recognized as Rookie of the Year early in his career and has consistently ranked among the firm’s top producers, culminating in his promotion to Executive Vice President in 2022. Prior to joining Colliers, Ghobadi was an entrepreneur who owned and operated a successful hospitality and transportation company employing more than 50 professionals. This operational background provides him with a unique owner’s perspective, allowing him to advise clients not only as a broker, but as a business strategist focused on long-term investment performance.
Throughout his career, Ghobadi has held progressively senior brokerage and leadership roles, including Director of Special Asset Services, where he specialized in the disposition of distressed assets and REO properties during challenging market cycles. His experience across multiple market conditions enables clients to make informed decisions in both expansionary and transitional environments. Fluent in English, Swedish, and Farsi, Ghobadi serves a diverse international client base and has cultivated long-standing relationships with private investors, family offices, developers, and institutional owners throughout the Los Angeles Basin. His commitment to integrity, market knowledge, and results-driven execution has earned him a loyal following and consistent industry recognition.
About the Auction Technology
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Auction Contact
Molly Patten
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Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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New 2026 TOC Affordable Housing Asset | 3217 S Central Ave
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New 2026 TOC Affordable Housing Asset | 3217 S Central Ave
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