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    6524 Central Ave Los Angeles, CA 90001

    Sponsored
    For Sale
    $888,888

    11-unit apartment building, high-density potential.

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This 11-unit apartment building, located at 6524 S Central Ave, Los Angeles, CA 90001, presents a compelling value-add opportunity. The property, built in 1936 and renovated in 2000, comprises 4,000 square feet on a 4,043 square foot lot. The two-story building features nine upstairs and two downstairs units. The property's classification is C. Multiple metered utilities allow for separate charging of services. According to the Los Angeles Planning Department, the lot's high density allows for expansion up to 14 units. The Florence-Firestone area is designated a Transit Oriented District (TOD) under a Specific Plan adopted September 3, 2019, suggesting significant future development potential. Potential funding may be available through the Los Angeles County Development Authority (LACDA) via Notice of Funding Availability (NOFA) programs for affordable housing rehabilitation. Prospective buyers are responsible for conducting all necessary inspections and verifying all information. Private financing options are available. The asking price is $888,888. All information is provided without warranty.

    Property Features for 6524 Central Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,000 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1936/2000
    Buildings
    1
    Stories
    2
    Units
    11

    HighLights

    • 11‑unit apartment building, 9 upstairs, 2 downstairs.
    • Mixed‑use residential and commercial property.
    • Located in Florence‑Firestone, a Transit Oriented District (TOD) with high density potential (up to 14 units).
    • Multiple metered utilities allow for separate tenant billing.
    • Potential for LACDA funding for affordable housing rehabilitation.
    • High potential for future value appreciation due to planned development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2560675
    Latitude
    33.9802493

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    FAQs

    What type of property is this?
    Multifamily property - 11-unit apartment building, high-density potential.
    Where is this multifamily property located?
    The property is located at 6524 Central Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $888,888.
    What are key features of this property?
    This property features: 11-unit apartment building, 9 upstairs, 2 downstairs.; Mixed-use residential and commercial property.; Located in Florence-Firestone, a Transit Oriented District (TOD) with high density potential (up to 14 units).
    Request Owner's contact information
    6524 Central Ave Los Angeles, CA 90001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6524 Central Ave Los Angeles, CA 90001
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