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$3,100,000   Price Analysis
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10611 S Central Ave
Los Angeles, CA 90002
24 bed 12 bath 7,040 SqFt ($440/SqFt)
9,266SqFt lot. Built 1957
Listed 2024-05-15, Taxes $24,092		Ⓧ USDA Ineligible
due to price & location
near Los Angeles

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 $258k/Door and $440/SF, this asset prvides strong cash flow and immense upside. With tons of local establishments, 10611 S Central offers residents opportunities for recreation, dining and cultural enrichment.


Presented by Peter James at
Lyon Stahl Investment Re, Inc.


Property MLS #24-392061 from TheMLSCLAW

Bedrooms: 24

Total Bathrooms: 12
Full Bathrooms: 12

Heating Features: Wall

Water Features: Public

Lot Description: Lot-Level/Flat, Lot Shape-Rectangular
Lot Size Acres: 0.2127181
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 9266

Garage Description: Tandem, Uncovered
Parking Total: 10

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 2
Number of Units: 12
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 36624

Tenant Pays: Gas, Electric
Vacancy Allowance: 9461

Source Listing Status: Active
County: Los Angeles
Cap Rate: 7.07
Directions: On Central Ave between 106th and 107th ave. South Century Blvd.
Source Property Type: Residential Income
Area: Metropolitan South
Source Neighborhood: Metropolitan South
Owner Pays: Water
Parcel Number: 6051-013-035
Postal Code Plus 4: 3463
Property Location: Alley Access
Zoning: LARD2
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2022$1,082,713 + $735,824
$1,818,537		$24,092
2021$1,061,484 + $721,397
$1,782,881		$23,775
2020$1,050,600 + $714,000
$1,764,600		$23,991
2019$114,901 + $18,988
$133,889		$4,351
2018$112,649 + $18,616
$131,265		$4,165
2017$110,441 + $18,251
$128,692		$4,045
2016$108,276 + $17,894
$126,170		$3,872
2015$106,650 + $17,626
$124,276		$3,814
2014$104,561 + $17,281
$121,842		$3,869
2013$104,089 + $17,203
$121,292		$3,834
2012$102,049 + $16,866
$118,915		$3,848
2010$100,049 + $16,536
$116,585		$3,815
2009$99,538 + $16,452
$115,990		$3,641
2009$99,302 + $16,413
$115,715		$3,641
2008$97,587 + $16,130
$113,717		$3,494
2007$95,674 + $15,814
$111,488		$3,329

Listed 2024-05-15
$3,100,000
TheMLSCLAW
Sold 2019-04-19
$1,730,000
Public Record

Net Operating Income: 219252

Total Square Feet Living: 7040
Year Built: 1957
Building Exterior Type: Stucco
Direction Faces: East
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 67
Roof: Composition, Shingle
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced

Sewer: In Street

Other Equipment: Range/Oven
Security Features: Gated

One Hundred Ninth Street Elementary School is a public elementary school located approximately 0.4 miles away.
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Samuel Gompers Middle School is a public middle school located approximately 1 miles away.
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Maxine Waters Employment Prep Center is a public elementary, middle and high school located approximately 0.2 miles away.
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Verbum Dei High School is a private high school located approximately 0.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.