10715 S Western Ave., Los Angeles, CA
INVESTMENT OVERVIEW
This 15,875 SF C2-1V-CPIO zoned lot will be delivered with Ready-to-Issue (RTI) permits for a well-designed 5-story, 106-unit multifamily development. The approved project includes 14 studios, 86 one-bedrooms, and 4 two-bedrooms, with efficient unit sizes ranging from 280 to 470 square feet, catering to urban renters seeking affordability, convenience, and access to key employment centers.
Located on Western Avenue, one of South LA’s main commercial corridors, this TOC Tier 1 site provides strong visibility and connectivity. The property sits in a growing residential and commercial area of the 90047 ZIP code, which has become an emerging investment zone due to its proximity to Inglewood, SoFi Stadium, the Crenshaw Corridor, Downtown LA, and LAX. The site also offers easy access to the 105 and 110 Freeways, with nearby Metro bus service supporting transit-oriented development potential.
With RTI permits secured, the project is shovel-ready, allowing developers to avoid the time-consuming entitlement process and immediately move forward with construction.
The building’s layout is designed for operational efficiency, compact living, and long-term rentability—appealing to a wide tenant base, including students, working professionals, and income-sensitive renters.
The 90047 submarket is undergoing significant change, with public and private investment focused on revitalizing underutilized lots and expanding access to housing. As rental demand rises and the city prioritizes infill development in high-need zones, 10715 S Western Ave presents a high-potential investment opportunity with strong fundamentals, favorable zoning, and immediate development readiness.
This project supports multiple exit strategies—including build-and-hold, lease-up and sell, or joint venture structuring—making it a versatile and strategic addition to any multifamily or impact-focused portfolio.
10715 S Western Ave
Project Overview
| Project Information | |
|---|---|
| Gross Building Area | 56,145 SF |
| Build-able Units | 106 Unit 4 (2-Bedroom) | 86 (1-Bedroom) | 16 (STUDIOS) |
| Stories | 5 |
| Net Rentable | 52,437 SF |
| Lot Size | 15,875.45 SF |
| Parking | - |
| Legal Description | |
| Site Address | 10715 S Western Ave,. Los Angeles, CA 90047 |
| Zoning | C2-1V-CPIO | Tier 1 |
| APN | 6058024009 |
10715 S Western Ave
Price Analysis
Gross building area
56,145
Build-able Units
100
STORIES
5 FLOORS
LOT SIZE
15,875 SF
NET RENTABLE AREA
52,437
| COST SUMMARY | |
|---|---|
| Acquisition Costs: | $3,300,000.00 |
| Operating Expenses at 5% of Acquisition | $165,000.00 |
| Construction Costs: | $ 13,250,000.00 |
| Total Development Costs | $16,715,000.00 |
| Plan #1 : DISPOSITION | ||
|---|---|---|
| Projected Property Value: | $33,890,521.85 | |
| Disposition Cap Rate: | 6.50% | |
| Sales Proceeds at Disposition: | ||
| Projected Sale Value: | $ 33,890,521.85 | |
| Broker Commission: at 6.0% of Sale Price | $ 2,033,431.31 | |
| Closing Cost: at 0.5% of Sale Price | $ 169,452.61 | |
| Net Sale Proceed | $ 31,687,637.93 | |
| less: Project Cost | $ 16,715,000.00 | |
| Net Profit | $ 14,972,637.93 | |
| ROI | 89.58% | |
| PLAN #2: HOLD | |
|---|---|
| OPERATING PERFORMANCE | |
| Scheduled Lease Revenue | $ 2,892,696.00 |
| less: Manager Unit | $ 24,492.00 |
| less: Vacancies & Bad Debt at 3.00 % | $ 86,780.88 |
| less: Operating Expenses | $ 578,539.20 |
| Total | $ 689,812.08 |
| Residential Cash Flow | $ 2,202,883.92 |
| Net Operating Income | $ 2,202,883.92 |
| Cap Rate on Total Cost | 13.18% |
10715 S Western Ave
Project Plans
South Western Corridor
Neighborhood
Located along the South Western Avenue corridor in South Los Angeles, a rapidly transforming area with growing investment and community development.
Offers excellent connectivity to major freeways including I-105, I-110, and I-10, providing easy access to Downtown Los Angeles, Inglewood, and LAX.
Within close proximity to LA Metro bus routes and future Metro Rail expansions, improving regional mobility.
Conveniently located minutes from SoFi Stadium, The Kia Forum, and Hollywood Park, placing residents near major sports and entertainment destinations.
Surrounded by essential retail, grocery stores, and dining along Western Avenue, making it a highly accessible and walkable corridor.
A diverse and multi-generational community with strong neighborhood ties.
Increasingly attractive to families and young professionals seeking affordable housing options near employment centers.
Active local organizations and small business owners contribute to a strong sense of community and cultural pride.
Characterized by a mix of single-family homes, low-rise apartments, and emerging mixed-use projects.
The corridor is seeing a rise in redevelopment and infill housing, supported by city programs that encourage urban renewal and affordable development.
Rent levels remain accessible compared to surrounding areas, making it appealing for long-term residents and workforce housing.
Ongoing improvements are enhancing curb appeal, green spaces, and pedestrian access.
Offers a balance of neighborhood comfort and urban access.
Nearby dining options include local eateries, cafés, and family-owned restaurants reflecting the area’s cultural diversity.
Close to major retail destinations such as Baldwin Hills Crenshaw Plaza, Target, and Smart & Final.
Residents enjoy easy access to Jesse Owens Park, St. Andrews Recreation Center, and Harvard Park for outdoor activities and community events.
Served by the Los Angeles Unified School District (LAUSD).
Nearby schools include Washington Preparatory High School, Raymond Avenue Elementary, and Animo Western Charter Middle School.
Within a short drive to Los Angeles Southwest College, offering higher education and workforce training programs.
Convenient access to local healthcare centers, community libraries, and public services.
Multiple churches, recreation centers, and youth programs strengthen neighborhood engagement.
The Western Avenue Corridor Improvement Project continues to upgrade infrastructure, safety, and beautification.
Centrally located between Downtown LA, Inglewood, and the South Bay, providing residents with extensive employment, entertainment, and transit opportunities.
