10611 South Central Avenue

Los Angeles, CA 90002

$3,100,000
Price
24
Beds
12
Baths
7,040 Sq. Ft.
$440 / Sq. Ft.
7,040
Sq. Ft.
$440
per Sq. Ft.

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...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.
  1. Listed by Peter James • DRE #01748556 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by William James • DRE #01734419 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 10611 South Central Avenue

Zoning
LARD2
Parcel Number
6051013035
Total Units
12.0
Living Area
7040
Source Living Area
Vendor Enhanced
Area
Metropolitan South (C37)
Vacancy Rate
2
Lot Size Area
9266

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556; Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419
Add your commute
LISTING UPDATED: 05/23/2024 12:01 AM

Property Details for 10611 South Central Avenue

StatusActive
MLS #24-392061
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.21 AC / 9,266 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556; Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419
Add your commute

Building Information for 10611 South Central Avenue

Stories2Residences-Year Built1957Building Size-Lot Size0.21 AC / 9,266 SF

Payment Calculator

$19,507 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,918

Property Taxes

$2,589

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 10611 South Central Avenue

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: apt
  • Security Features: Gated
  • Direction Faces: East
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Water Heater Unit
Contract Info
Contract Info
  • Financing: Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $305,917
  • Net Operating Income: $219,252.00
  • Gross Income: $315,379
  • Cap Rate: 7.07%
  • Gross Rent Multiplier: $9.83
  • Actual Annual Gross Rent: $315,379.00
  • Vacancy Allow Dollar: $9,461.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water
  • Total Annual Expense: 86665
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.2127
  • Lot Size Square Feet: 9266
  • Lot Features: Rectangular Lot
  • Lot Description: Lot-Level/Flat, Lot Shape-Rectangular
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Tandem, Uncovered
  • Total Parking: 10
  • Parking Features: Tandem Garage, Uncovered
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Roof: Composition, Shingle
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-15-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,190.00
  • Unit Actual Rent: $26,282.00
  • Unit Projected Rent: $36,624.00
  • Like Units: 12
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $714,000.00
  • Assessed Improvement Percent: 30.43
  • Assessed Land Value: $1,632,000.00
  • Assessed Land Percent: 69.57
  • Assessed Total Value: $2,346,000.00

Property History for 10611 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 10611 South Central Avenue

Taxable ValueLand$1,632,000Additions$714,000Total$2,346,000
Tax Record2023$31,068 ($2,589 / month)
Home Facts
Total Finished SqFt7,040 SqFtAbove Grade Finished SqFt7,040 SqFtLot Size9,264 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningLARD2CountyLOS ANGELESAPN6051-013-035

Schools near 10611 South Central Avenue

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

Resolute Academy Charter
Charter5 to 8

Alain Leroy Locke College Prep Academy
Charter9 to 12

Animo Charter Middle No. 2
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.

Similar Homes

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Similar Sold Homes

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10611 South Central Avenue is a multi-family home for sale in Los Angeles, CA 90002. This property was listed for sale on May 15, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $3,100,000. It has been on the market for a total of 29 days and was last sold on December 21, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include One Hundred Ninth Street Elementary School, Resolute Academy Charter and Alain Leroy Locke College Prep Academy. 10611 South Central Avenue is a 24-bed, 12-bath, 7,040 sqft multi-family home built in 1957.

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 Lyon Stahl Investment Real Estate, Inc., Peter James, DRE #01748556; Lyon Stahl Investment Real Estate, Inc., William James, DRE #01734419

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.