For Sale
$888,888

6524 Central AveLos Angeles, CA 90001

11-unit apartment building, high-density potential.

Overview

Added:
Dec 11, 2024
Days on market:
113
This 11-unit apartment building, located at 6524 S Central Ave, Los Angeles, CA 90001, presents a compelling value-add opportunity. The property, built in 1936 and renovated in 2000, comprises 4,000 square feet on a 4,043 square foot lot. The two-story building features nine upstairs and two downstairs units. The property's classification is C. Multiple metered utilities allow for separate charging of services. According to the Los Angeles Planning Department, the lot's high density allows for expansion up to 14 units. The Florence-Firestone area is designated a Transit Oriented District (TOD) under a Specific Plan adopted September 3, 2019, suggesting significant future development potential. Potential funding may be available through the Los Angeles County Development Authority (LACDA) via Notice of Funding Availability (NOFA) programs for affordable housing rehabilitation. Prospective buyers are responsible for conducting all necessary inspections and verifying all information. Private financing options are available. The asking price is $888,888. All information is provided without warranty.

Highlights

  • 11-unit apartment building, 9 upstairs, 2 downstairs.
  • Mixed-use residential and commercial property.
  • Located in Florence-Firestone, a Transit Oriented District (TOD) with high density potential (up to 14 units).
  • Multiple metered utilities allow for separate tenant billing.
  • Potential for LACDA funding for affordable housing rehabilitation.
  • High potential for future value appreciation due to planned development.

Property Details for 6524 Central Ave

Property type
Apartment buildings
Square Feet
4,000 SF
Class
C
Year Built/Renovated
1936/2000
Buildings
1
Stories
2
Units
11

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
33.9802493
Longitude
-118.2560675
6524 Central Ave, Los Angeles, California

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6524 Central Ave
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