6524 S Central Avenue, Los Angeles CA, 90001
(Active)
$888,888
|
4,000 sqft
|
MLS# SR23150340
Last Updated: 5/9/2024 11:57 AM
Description for
6524 S Central Avenue
Los Angeles, CA 90001
***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.
Price
$888,888
Los Angeles
4,000 (approx)
SR23150340
Active
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 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.
Listing Information
| Property Type: Mixed Use, Business Opportunities, 2 Story | ||
| 0.09 Acres | Assessor | 4,000 (approx) |
| 1936 | 2 | |
Public
1 Total
Neighborhood
Room Information
Common Area,Inside,Laundry Room
Exterior / Lot Features
0 Covered Parking Spaces,
4043
Mixed Use
0-1 Unit/Acre
Driving Directions
On corner of South Central Ave and East 66th St. Use Navigation/GPS/Google Maps
Financial Considerations
| 6010003005 |
Cash,Cash to New Loan,Conventional,Fannie Mae,Freddie Mac,Government Loan,Private Financing Availabl
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90001 has a population of 64,204.
The median household income in Los Angeles, California 90001 is $44,926. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90001 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 8/12/2023 | Active | $888,888 USD |
|