Skip To Content

10611 S Central Avenue

Los Angeles (City), CA 90002
  • $3,100,000
  • STATUS: Active
  • ON SITE: 1 Day
  • ID#: 24392061
New On Site 1 Day Ago
UPDATED: 143 min ago
$3,100,000
  • 24
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,040
    SQFT
  • $440
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Listing Agent(s): Peter James of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and William James of ()


Description

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.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-17T17:42:27.427. 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 deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
www.bobkellyteam.com/homes/150563958
Print Image

10611 S Central Avenue Los Angeles (City), CA 90002

  • Price: $3,100,000
  • Status: Active
  • On Site: 1 Day
  • Updated: 143 min ago
  • ID#: 24392061
24
Beds
0
Baths
0
½ Baths
0.21
Acres
7,040
SQFT
$440
$/SQFT
1957
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
Property Description
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.
Exterior Features

Construction Materials Stucco Direction Faces East Lot Features Rectangular Lot Parking Features GarageTandemUncovered Parking Total 10 Pool Features None Pool Private YN No Roof CompositionShingle Spa Features None Spa YN No

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 7.07 Community Features Gated Garage YN Yes Gross Income 315379 Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 219252 New Construction YN No Rent Control YN Yes Security Features Gated Community Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGas Vacancy Allowance Rate 2 Zoning LARD2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-17T17:42:27.427. 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 deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372773697-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372773697-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372773697-2.jpg
Logo
The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties
8898 La Mesa Blvd.
La Mesa CA, 92042
Listing Agent(s): Peter James of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and William James of ()