We are pleased to present 8219 S Central Avenue, a value add 4-unit investment opportunity with approximately 72% rental upside 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. There is currently one Section 8… Read More tenant in place with a current rent of $2,800. The property will be delivered fully occupied with a gross monthly income of $5,610, or $67,317 annually. The opportunity will yield a savvy investor with a low basis ($750,000) with huge upside potential (approx. 72%).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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Brandon Evans 310-259-7556
Listing Snapshot
Days Online
131
Last Updated
Beds
4
Square Ft.
1,856
Lot Size
0.09 Acres
Year Built
1953
MLS Number
26650199
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1953, Living area: 1856.0, 1 building, Levels: MultiSplit
Cooling
WallWindowUnits
Garage
3 spaces
Heating
WallFurnace
Income
Gross Income: $67,317, Net Operating Income: $37,984
Lot
0.0919 acres, Dimensions: 40x100
Parking
3 total parking spaces, Garage
Taxes
Parcel Number: 6029013002, Zoning: LAC2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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