Los Angeles, CA 90011 1915 S Central Avenue
$1,875,000
Pending
9 more
Presented By: Brett Lyon with Lyon Stahl Investment Real Estate, Inc.; 3107801899
- MLS# SB25011289
- 02/10/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 24
Baths • 1
SQFT • 7,400
Home Details
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!
Presented By: Brett Lyon with Lyon Stahl Investment Real Estate, Inc.; 3107801899
Interior Features for 1915 S Central Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 1915 S Central Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.04
Carport Y/NNo
CityLos Angeles
Community FeaturesBiking
CountyLos Angeles
DirectionsNear the Corner of E Washington Blvd and S Central Ave
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income243927.0
HOANo
Home Warranty Y/NNo
Insurance Expense11527.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsConventional
Lot Size Square Feet5150.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MaintenanceExpense14470.0
MobileHomeRemainsYNNo
Net Operating Income113197.0
New ConstructionNo
Number Of Units Total24
Number of Units Leased24
Operating Expense118534.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Tax Lot23
Taxes$25,745
Total Actual Rent19621.0
Trash Expense0.0
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1905
Year Built SourcePublicRecords
ZoningLAC1
Exterior for 1915 S Central Avenue
Building Area Total7400.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.1182
Lot Size Area5150.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate