31 Unit 100% Affordable Res. Building - CofO | 1010 E 25th St
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31 Unit 100% Affordable Res. Building - CofO 1010 E 25th St
31 Unit Apartment Building $9,300,000 ($300,000/Unit) Los Angeles, CA 90011
Investment Highlights
- Brand New Construction - 4 Stories - 31 Total Units
- Very Walkable, Biker's Paradise per Walk Score
- Close to DTLA & USC - Near Jobs Centers - Under a Mile to A Line Metro Station
- 22 One Bed + One Bath & 9 Singles - 10,952 SF of Rentable Square Footage
- Community Room, Laundry Room, Bicycle Storage and Rooftop Deck with Views
- Opportunity Zone - Potential for One or Two ADUs
Executive Summary
Now Priced!
Certificate of Occupancy Issued.
Now Scheduling Showings!
Partners CRE is proud to exclusively present for sale an Affordable Residential Building newly constructed in Los Angeles! The property will be delivered vacant.
This 31 Unit 100% Affordable Brand New Residential Building sits just south of Downtown Los Angeles. The ground-up new construction consists of mostly 1+1s (22 of them) and 9 Studios. The building includes a Building Code Floor Area of 16,004 SF per Zoning Code and 10,952 SF of Rentable Square Footage!
The building opens through a secured entrance to a spacious Recreation / Community Room, then opens up to a comfortable Manager’s Office and a Manager’s Bathroom. The same level leads to the ground-floor apartments with 14 foot ceilings, the Laundry Room, and through the side of the building, access the Long-Term Bicycle Storage that can accommodate 30 bicycles. Take the stairs or the elevator up to the next three floors of housing, and continue to the Rooftop which includes three separate Open Space Areas with unobstructed views of the City, including the skyscrapers in DTLA.
All units feature a Mini-Split A/C System, brand new appliances and all electric setups (with only the Central Boiler and Dryers in Laundry room being gas). The mostly Stacked- Design should allow for future ease of maintenance. The property has a Security Camera System for ease of mind. The Building is sub-metered for water. The property is bordered by a new block wall. There is the possibility of converting some common space to one or two ADUs. The property is in an Opportunity Zone!
The building includes no car parking, but is located well under a mile to the Metro (A) Blue Line Station, which will take your future tenants to connections with the other Metro Light Rail Lines, Long Beach and direct to Union Station! There is a space in the back of the building, off the alley, that may potentially work for parking one car.
This pedestrian friendly neighborhood gets a respectable “Very Walkable” score from Walk Score, along with a Biker’s Paradise designation!
The property is located near significant Job-Centers, including USC and DTLA.
?Strong demand from Section 8 Tenants can increase the potential income, and will help to speed up the rent-up period.
Certificate of Occupancy Issued.
Now Scheduling Showings!
Partners CRE is proud to exclusively present for sale an Affordable Residential Building newly constructed in Los Angeles! The property will be delivered vacant.
This 31 Unit 100% Affordable Brand New Residential Building sits just south of Downtown Los Angeles. The ground-up new construction consists of mostly 1+1s (22 of them) and 9 Studios. The building includes a Building Code Floor Area of 16,004 SF per Zoning Code and 10,952 SF of Rentable Square Footage!
The building opens through a secured entrance to a spacious Recreation / Community Room, then opens up to a comfortable Manager’s Office and a Manager’s Bathroom. The same level leads to the ground-floor apartments with 14 foot ceilings, the Laundry Room, and through the side of the building, access the Long-Term Bicycle Storage that can accommodate 30 bicycles. Take the stairs or the elevator up to the next three floors of housing, and continue to the Rooftop which includes three separate Open Space Areas with unobstructed views of the City, including the skyscrapers in DTLA.
All units feature a Mini-Split A/C System, brand new appliances and all electric setups (with only the Central Boiler and Dryers in Laundry room being gas). The mostly Stacked- Design should allow for future ease of maintenance. The property has a Security Camera System for ease of mind. The Building is sub-metered for water. The property is bordered by a new block wall. There is the possibility of converting some common space to one or two ADUs. The property is in an Opportunity Zone!
The building includes no car parking, but is located well under a mile to the Metro (A) Blue Line Station, which will take your future tenants to connections with the other Metro Light Rail Lines, Long Beach and direct to Union Station! There is a space in the back of the building, off the alley, that may potentially work for parking one car.
This pedestrian friendly neighborhood gets a respectable “Very Walkable” score from Walk Score, along with a Biker’s Paradise designation!
The property is located near significant Job-Centers, including USC and DTLA.
?Strong demand from Section 8 Tenants can increase the potential income, and will help to speed up the rent-up period.
Property Facts
| Price | $9,300,000 | Building Class | B |
| Price Per Unit | $300,000 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 16,004 SF |
| No. Units | 31 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2024 |
| Apartment Style | Mid Rise | Opportunity Zone |
Yes
|
| Price | $9,300,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 16,004 SF |
| Average Occupancy | 0% |
| No. Stories | 4 |
| Year Built | 2024 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Cable Ready
- Refrigerator
Site Amenities
- Laundry Facilities
- Bicycle Storage
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | - |
| 1+1 | 22 | - | - |
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Walk Score ®
Very Walkable (85)
Bike Score ®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 5131-026-022 | Improvements Assessment | $1,320,000 |
| Land Assessment | $375,269 | Total Assessment | $1,695,269 |
PROPERTY TAXES
Parcel Number
5131-026-022
Land Assessment
$375,269
Improvements Assessment
$1,320,000
Total Assessment
$1,695,269
zoning
| Zoning Code | C2-2D-CPIO Tier 3 (Brand New Construction!) |
| C2-2D-CPIO Tier 3 (Brand New Construction!) |
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31 Unit 100% Affordable Res. Building - CofO | 1010 E 25th St
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