6524 South Central Avenue

Los Angeles, CA 90001

$888,888
Price
14
Beds
4
Baths
4,000 Sq. Ft.
$222 / Sq. Ft.
4,000
Sq. Ft.
$222
per Sq. Ft.

Description

Do not go direct, do not disturb tenants ................................................................................................................................................................................................................... Welcome to 6524 S Central, a value add deal in the up and coming community of Florence - Firestone. This property has a total of 11 existing units (9 upstairs and 2 downstairs). According to Planning department this small lot has very high density...Do not go direct, do not disturb tenants ................................................................................................................................................................................................................... Welcome to 6524 S Central, a value add deal in the up and coming community of Florence - Firestone. This property has a total of 11 existing units (9 upstairs and 2 downstairs). According to Planning department this small lot has very high density and can go up to 14 units. There are multiple metered utilities which will allow the owner to separately charge for those services. Florence - Firestone is a TOD Transit Oriented District Specific Plan that was adopted on 09.03.2019. There may also be funds available through the Los Angeles County Development Authority (LACDA) by way of Notice of Funding Availability (NOFA) to fund substantial rehabilitation of affordable housing in exchange for favorable loan terms through this program. There will be much development here over the next few years which may bring values significantly higher. Buyer and/or buyer's agent to do all inspections and verify all information regarding listing. Private financing available. No information is guaranteed or warranty by listing agent or seller.
  1. Listed by Andy Aguilar • DRE #01909871 • Brokerage DRE #01167079 • American Real Estate Experts • 818-447-9251

Property Details for 6524 South Central Avenue

View
Neighborhood
Parking Spaces Total
0
Private Pool
No
Cooling Type
N/K
Total Units
11.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4000

Location

Listing Courtesy of American Real Estate Experts, Andy Aguilar, DRE #01909871
Add your commute
LISTING UPDATED: 02/02/2024 02:25 AM

Property Details for 6524 South Central Avenue

StatusActive
MLS #SR23150953
Days on Market258
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential
Year Built1936
CountyLos Angeles County

Location

Listing Courtesy of American Real Estate Experts, Andy Aguilar, DRE #01909871
Add your commute

Building Information for 6524 South Central Avenue

Building/Complex6524 S Central AveFloor-Stories2Residences-Pet Policy-Year Built1936Building Size-

Payment Calculator

$5,575 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,851

Property Taxes

$724

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6524 South Central Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $60,000
  • Gross Scheduled Income: $7,250
  • Net Operating Income: $2,500
Expense Details
  • Operating Expense: $2,500
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $30,000
Tax / Assessment Info
  • Tax Tract Number: 5450
  • Tax Census Tract: 5329.00
  • CFD/Mello-Roos Fee: $1,862
  • Tax Lot: 31
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Room Type: See Remarks
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 14
  • Laundry: Yes
  • Laundry Features: See Remarks
  • Laundry Location: Other/Remarks
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: None
Exterior Features
  • Entry Location: 1st and 2nd Floor
  • Structure Type: Multi Family
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Lease Considered: No
  • Number Of Units: 11
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: All Other Attached
  • Residential Unit Location: 2+ common walls
Unit Information
Unit 1
  • Unit Type Units Total: 11
  • Unit Type Beds Total: 14
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $7,250
  • Unit Type Total Rent: $87,000
  • Unit Type Pro Forma: 144000
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 0
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0

Property History for 6524 South Central Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6524 South Central Avenue

Taxable ValueLand$262,793Additions$310,097Total$572,890
Tax Record2023$8,687 ($724 / month)
Home Facts
Total Finished SqFt4,000 SqFtAbove Grade Finished SqFt4,000 SqFtStories1Lot Size4,043 SqFtStyleOffice BuildingYear Built1936ZoningLCM1*CountyLOS ANGELESAPN6010-003-005

Schools near 6524 South Central Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Miramonte Elementary School
PublicK to 5

Alliance Kory Hunter Middle
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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6524 South Central Avenue is a condo for sale in Los Angeles, CA 90001. This property was listed for sale on August 14, 2023 by American Real Estate Experts, it's currently listed at $888,888. It has been on the market for a total of 258 days and was last sold on October 7, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Miramonte Elementary School, Alliance Kory Hunter Middle and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 6524 South Central Avenue is a 14-bed, 4-bath, 4,000 sqft condo built in 1936.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of American Real Estate Experts, Andy Aguilar, DRE #01909871

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.