6524 S Central Avenue, Los Angeles, California 90001, Los Angeles, 90001 - bed, 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 described as a 'value add deal' requiring 'substantial rehabilitation' and 'significant capital expenditure for deferred maintenance, systems upgrades, and modernization.' The exterior image shows an aged building with visible wear and tear, and the complete absence of interior photos strongly indicates that the kitchens, bathrooms, and other internal components are severely outdated and in need of major renovation. This aligns with the 'Poor' condition criteria, signifying that substantial repairs and rehabilitation are required throughout the property.
PROSSTRENGTHS & OPPORTUNITIES
- High Density & Expansion Potential
The property currently features 11 units and has planning department approval to expand up to 14 units on its small lot, offering significant income growth and development potential.
- Strategic Location (TOD Zone)
Situated in Florence-Firestone, a designated TOD (Transit Oriented District) Specific Plan area, indicating favorable zoning for future development and potential appreciation due to transit proximity and planned community growth.
- Value-Add Investment Opportunity
Explicitly marketed as a 'value add deal' in an 'up and coming community,' suggesting substantial upside through renovation, increased density, and market appreciation over time.
CONSRISKS & DEFICIENCIES
- Tenant Occupancy & Access Restrictions
The 'DO NOT DISTURB TENANTS' directive implies limited access for thorough inspections and showings, which can complicate due diligence and the overall sale process, and suggests potential tenant-related management challenges.
- Age of Property
Built in 1936, the property is very old, likely requiring significant capital expenditure for deferred maintenance, systems upgrades, and modernization to fully realize its 'value add' potential and ensure long-term viability.
- High Due Diligence Burden
The listing explicitly states 'No information is guaranteed or warranty by listing agent or seller' and requires buyers to 'do all inspections and verify all information,' placing a high burden of due diligence on the buyer and implying the property is sold in its current condition, potentially with undisclosed issues.
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
- -
- Total Bathrooms
- -
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