10611 Central AveLos Angeles, CA 90002

This 12-unit apartment building in Los Angeles, CA (90002), boasts 7,040 square feet and offers a compelling investment opportunity. Built in 1957, the property features twelve 2-bedroom, 1-bathroom units, currently enjoying 100% occupancy. The asking price is $2,795,000, translating to $232,917 per unit and $397 per square foot. The property's current Net Operating Income (NOI) is $206,104, yielding a 7.37% capitalization rate. A pro-forma NOI of $330,043 projects an 11.81% capitalization rate, indicating significant upside potential. The property is zoned LARD2 and has an APN of 6051-013-035. Situated in South Los Angeles, this asset benefits from its proximity to local amenities and offers strong cash flow potential for investors. The building has undergone renovations, with 92% of the units updated. This multifamily property presents a rare chance to acquire a well-located, income-producing asset with substantial growth prospects. The property is part of an eight-building portfolio and can be purchased individually or as part of the larger portfolio.