1915-1917 S Central Ave - Apartments FOR SALE


Los Angeles, CA 90011- Southeast Los Angeles
$1,875,000 USD
310-780-1899
1915-1917 S Central Ave, Los Angeles, CA for Sale
$1,875,000 USD
Apartments - FOR SALE
1/20
null | 6.04% Cap Rate

1915-1917 S Central Ave
Los Angeles, CA 90011
Southeast Los Angeles


HIGHLIGHTS

  • 6.04% CAP | Only $78,125/Unit
  • Strong Rental Upside – 12.83% Market CAP | 7.69 Market GRM
  • 7,400 Total SF On a 5,150 SF Lot
  • Conveniently Located in Historic South Central, Easy Access to the 110 & 10 Freeway, Close to USC & DTLA Arts District
  • 22 Studio Units + 2 Commercial Spaces in Historic South Central

OVERVIEW

Discover this rare investment opportunity in the heart of Historic South Central Los Angeles, featuring 22 studio units and 2 commercial spaces. With a remarkably low cost of just $78,125 per unit, this property presents exceptional value. Offering a total of 7,400 SF of building space on a 5,150 SF lot, it boasts a solid 6.04% current CAP rate with incredible upside potential, including an 12.83% market CAP and a 4.96 market GRM. Conveniently located near the 110 and 10 Freeways, USC, and the vibrant DTLA Arts District, this property’s prime location enhances its tenant appeal. With its strong rental upside and unmatched price per unit, this is an outstanding opportunity to invest in a high-demand, rapidly growing area!

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$119 USD /SF

# OF UNITS

24

PRICE/UNIT

$78,125

CAP RATE

6.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Central Avenue Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

C2-1, Los Angeles

APN/PARCEL ID

5131-008-014

ASK ABOUT THIS PROPERTY

Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.