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$888,888
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4,042 Sqft Lot
UPDATED:
09/30/2024 06:48 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR23150340
HOA Y/N No
Year Built 1936
Lot Size 4,042 Sqft
Lot Dimensions Public Records
Property Description
***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.
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.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning Mixed Use
Interior
Fireplace No
Laundry Common Area, Inside, Laundry Room
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Public
Others
Tax ID 6010003005
Acceptable Financing Cash, Cash to New Loan, Conventional, Fannie Mae, Freddie Mac, Government Loan, Private Financing Available
Listing Terms Cash, Cash to New Loan, Conventional, Fannie Mae, Freddie Mac, Government Loan, Private Financing Available
Special Listing Condition Standard
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Listed by Andy Aguilar • American Real Estate Experts • 818-447-9251
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