14
See all 14 photos
$1,875,000
Est. payment /mo
5,150 Sqft Lot
Pending
1915 S Central AVE Los Angeles, CA 90011
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UPDATED:
02/28/2025 01:42 AM
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRSB25011289
Originating Board California Regional MLS
Year Built 1905
Lot Size 5,150 Sqft
Property Description
Discover this rare investment opportunity in the heart of Historic South Central Los Angeles, featuring 22 studio units and 2 commercial spaces. With a remarkably low cost of just $78,125 per unit, this property presents exceptional value. Offering a total of 7,400 SF of building space on a 5,150 SF lot, it boasts a solid 6.04% current CAP rate with incredible upside potential, including an 12.83% market CAP and a 4.96 market GRM. Conveniently located near the 110 and 10 Freeways, USC, and the vibrant DTLA Arts District, this property's prime location enhances its tenant appeal. With its strong rental upside and unmatched price per unit, this is an outstanding opportunity to invest in a high-demand, rapidly growing area!
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Laundry None
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 5131008014
Special Listing Condition Not Applicable
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Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc.