List Price: $28.95M

Listing Status: Active

Days on Market: 1

0 Bedrooms · 0 Bathrooms · 54,052 sq ft

Property Type: ResidentialIncome

Year Built: 2026

Lot Size: 10,313 sq ft

MLS Number: 26841461

About This Property

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.