6524 S Central Avenue, Los Angeles, California 90001, Los Angeles, 90001 - 14 bed, 4 bath
6524 S Central Avenue
Los Angeles, California 90001
Property Price
SUMMARY
Analysis of 6524 S Central Avenue, Los Angeles, California 90001 is currently available with a list price of $888,888. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1936, this property is explicitly marketed as a 'value add deal' requiring 'substantial capital investment' and 'substantial rehabilitation.' The exterior image shows significant wear, dated windows with security bars, and a general lack of modern upkeep. While no interior photos are provided, the age of the building and the description strongly indicate that kitchens, bathrooms, and major systems are original or very old, in poor condition, and require extensive renovation. The property is not a tear-down, as it's presented as a candidate for rehabilitation, but it is far from move-in ready and necessitates significant repairs and updates throughout.
PROSSTRENGTHS & OPPORTUNITIES
- High Density Development Potential
The property offers significant upside with the ability to expand from 11 to 14 units on a small lot, maximizing income potential in a high-demand area.
- Strategic TOD Location
Situated within a Transit-Oriented District (TOD) Specific Plan, the property benefits from planned infrastructure improvements, enhanced transit access, and strong long-term appreciation prospects.
- Value-Add Investment Opportunity
Explicitly marketed as a 'value add deal,' it presents a clear path for investors to increase property value and cash flow through rehabilitation and unit expansion.
CONSRISKS & DEFICIENCIES
- Substantial Capital Investment Needed
As an older property (1936) and a 'value add deal,' it will require significant capital for rehabilitation and potential unit expansion, increasing the overall project cost and risk.
- Complex Tenant Management
The property is tenant-occupied, which introduces challenges related to existing leases, potential rent control regulations, and the complexities of tenant relocation or management during renovation.
- Extensive Buyer Due Diligence
The listing places a high burden on the buyer to verify all information, including zoning, unit count, and development potential, requiring considerable time and resources for thorough due diligence.
About 6524 S Central Avenue
***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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1936
- Lot Size
- 4,043 Sq. Ft.
Interior
- Total Bedrooms
- 14
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1936 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Sold
Feb 4, 2020
$545,000
Public Record
Sold
Nov 25, 2015
$443,000
Public Record
Sold
Jul 12, 2004
$335,000
Public Record
Sold
Jun 5, 2003
$210,000
Public Record