Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

4

Building size

1,856 sqft

Lot size

4,001 sqft

Year built

1953

Stories

0

Garage spaces

3

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Status

Active

Days on market

0

MLS #

249248222

About this property

We are pleased to present 8219 S Central Avenue, a value add 4-unit owner user or investment opportunity in South Los Angeles, CA. The property is comprised of four apartment units with an excellent unit mix all (4) 2 bedroom/1 bath units. The property will be delivered with one (1) vacancy, allowing for an excellent owner user opportunity. The opportunity will provide a savvy investor with a low basis ($650,000) with huge upside potential. 8219 S Central Avenue is centrally located along Central Avenue, just north of 83rd Street and just east of the 110 freeway with easy access to Downtown LA, South Bay, USC, LAX, and SoFi Stadium. South Los Angeles has seen significant growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average 2-bedroom market rents reaching $2,300-$2,600. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.

Location

8219 S Central Avenue

Los Angeles, Los Angeles, CA, 90001