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$28,950,000
Est. payment /mo
54,052 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 54,052 sqft
Price per Sqft $535
MLS Listing ID 26841461
HOA Y/N No
Year Built 2026
Lot Size 10,315 Sqft
Property Description
We are pleased to present 4186 S Western Ave, a brand new construction multifamily opportunity situated in South Los Angeles along the highly trafficked Western Avenue corridor between W Martin Luther King Jr Blvd and W Vernon Ave. The seven-story building consists of 118 units with an efficient mix of 6 singles, 110 one-bedroom units, and 2 two-bedroom units, purpose-built to meet the area's strong renter demand. The asset is being delivered below replacement cost, offering investors a rare basis in a supply-constrained submarket where new construction is exceedingly difficult to replicate at anywhere near this price point. Once stabilized, the asset is projected to achieve a significantly higher cap rate than any other available new construction offering in the market, making this one of the most compelling risk-adjusted opportunities currently available to multifamily investors in Los Angeles. The property is also eligible for the California Welfare Tax Exemption, providing a meaningful reduction in operating expenses that further enhances returns and widens the cap rate advantage over comparable new construction product. Potential vacant delivery also creates a compelling opportunity for mission-driven housing operators to populate the building with the demographic groups they serve, including workforce, affordable, or supportive housing residents, without the need for tenant displacement. The property features controlled-access entry, modern building systems, thoughtfully designed common areas, on-site laundry facilities, bicycle storage, and an expansive rooftop deck offering residents a functional and comfortable living environment. Located within a designated Qualified Opportunity Zone (QOZ), the property may be delivered prior to issuance of the Certificate of Occupancy, enabling qualified investors to structure the acquisition to meet QOZ requirements and realize associated tax benefits. Strategically positioned along Western Avenue, one of South Los Angeles' primary northsouth corridors, the asset sits just minutes from the 110 Freeway with convenient connectivity to Downtown Los Angeles, USC, Inglewood, and greater Los Angeles. The property is served by multiple Metro bus lines and benefits from proximity to local schools, neighborhood retail, and everyday amenities, with easy access to Vernon Avenue, Slauson Avenue, and Crenshaw Boulevard.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAC2
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator
Exterior
Parking Features None
Building
Story 7
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5021009037
Special Listing Condition Standard
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Listed by Benjamin Lee Lyon Stahl Investment Real Estate, Inc. #02123715
NEARBY SCHOOL & BUSINESS
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