10611 S Central Avenue Los Angeles, CA ^$ 3,100,000

10611 S Central Avenue

^$ 3,100,000

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10611 S Central Avenue

Los Angeles, CA, 90002

^$ 3,100,000

Bedrooms24 Baths12.0 Sq 7,040

Monthly Estimate*

^$ 20,604

Listed by Lyon Stahl Investment Real Estate, Inc.

10611 S Central Avenue, Los Angeles, CA 90002 - Image 1

10611 S Central Avenue, Los Angeles, CA 90002 - Image 2

10611 S Central Avenue, Los Angeles, CA 90002 - Image 3

10611 S Central Avenue, Los Angeles, CA 90002 - Image 4

10611 S Central Avenue, Los Angeles, CA 90002 - Image 5

10611 S Central Avenue, Los Angeles, CA 90002 - Image 6

10611 S Central Avenue, Los Angeles, CA 90002 - Image 7

10611 S Central Avenue, Los Angeles, CA 90002 - Image 8

10611 S Central Avenue, Los Angeles, CA 90002 - Image 9

Multi-Family Home for sale in Los Angeles, CA

for $3,100,000 with 24 bedrooms and 12 full baths. This 7,040 square foot home was built in 1957 on a lot size of 0.2127.

Part of an 8 Building Portfolio! Can be sold individually or as a portfolio. 10611 S Central is a massive 12 unit apartment in South Los Angeles consisting of all (12) 2-Bed/1-Bath units. With 92% of the building turned and renovated, this 7.07% Cap Rate and 9.83 GRM is one of the best cash flow deals in Los Angeles County. At only $258k/Door and $440/SF, this asset provides strong cash flow and immense upside. With tons of local establishments, 10611 S Central offers residents opportunities for recreation, dining and cultural enrichment.

Multi-Family Active

Price

^$ 3,100,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.2127

Year Built

1957

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24392061

Days on Market

Features

General

Sewer Other

Heating WallFurnace

Cooling None

Roof Composition Shingle

Zoning LARD2

Pool Features None

Security Features GatedCommunity

Construction Materials Stucco

Year Built 1957

Tenant Pays Electricity Gas

Levels MultiSplit

Gross Income 315379.0

Community Features Gated

County Los Angeles

Net Operating Income 219252.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Facing Direction East

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions On Central Ave between 106th and 107th ave. South Century Blvd.

City Los Angeles

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 12

MLS Area C37 - Metropolitan South

Lot Size Units SquareFeet

Lot Size Square Feet 9266.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Central

Spa Features None

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 8

Standard Status Active

Cap Rate 7.07

Exterior

Parking Features Garage Tandem Uncovered

Lot Features RectangularLot

Total Parking 10.0

Lot Size Area 9266.0

Number of Buildings 2

Spa N

Building Area Total 7040.0

Street Suffix Avenue

Lot Size Acres 0.2127

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 24

Electric On Property Y/N N

Total Baths 12

Internal Only

Street Number 1 10611

* Excluded Features

List By

Lyon Stahl Investment Real Estate, Inc.

Broker

(310) 467-7581

Phone

Affordability Calculator

$20,604

Per Month

Monthly Principal & Interest: $20,604
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,991,000

Percent of Sale Price 36%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/16/2024	$3,100,000		Listed Price

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10611 S Central Avenue, Los Angeles, CA, 90002 is a Multi-Family Home for sale at $3,100,000 with 7,040 sqft and a lot size of 0.2127. 10611 S Central Avenue has 24 bedrooms, 12.0 baths, and was built in 1957. The property's zip code is 90002 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/13/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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10611 S Central Avenue

Multi-Family Home for sale in Los Angeles, CA

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