Sold for $1,540,000

Listed by: Lyon Stahl Investment Real Estate, Inc. • Brett Lyon • Contact: 310-706-4066

Bought with: Lyon Stahl Investment Real Estate, Inc.

$1,540,000

1915 S Central Ave, Los Angeles, CA 90011

--beds

22baths

7,400sqft

Mixed Use

Built in 1905

-- sqft lot

$-- Zestimate^®

$208/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

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What's special

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!

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 22

Appliances

Laundry: None

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 7,400
Total interior livable area: 7,400 sqft

Property

Features

Levels: Two
Stories: 2
Entry location: 1
Pool features: None

Lot

Size: 5,150 Square Feet
Features: 2-5 Units/Acre

Details

Parcel number: 5131008014
Zoning: LAC1
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Mixed Use
Attached to another structure: Yes

Condition

New construction: No
Year built: 1905

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Biking

Location

Region: Los Angeles

Financial & listing details

Price per square foot: $208/sqft
Date on market: 2/10/2025
Cumulative days on market: 17 days
Listing terms: Conventional
Total actual rent: 19621

Price history

Date	Event	Price
6/6/2025	Sold	$1,540,000-17.9%$208/sqft
Source: CRMLS #SB25011289 Report a problem
4/10/2025	Pending sale	$1,875,000$253/sqft
Source: CRMLS #SB25011289 Report a problem