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6504 S Central Avenue, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath

6504 S Central Avenue, Los Angeles, California 90001 home-pic-0
ACTIVE$700,000
6504 S Central Avenue, Los Angeles, California 90001
0Bed
0Bath
4,053Sqft
4,053Lot
Year Built
1944
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$173
HOA
-
Days on market
-
Sold On
-
MLS number
DW25192602
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros.

Don’t miss this incredible opportunity to own a versatile mixed-use property that offers both residential and commercial income potential. This property features: One commercial space at the front of the property, ideal for a small business, retail shop, or professional office. Two spacious residential units, each offering 2 bedrooms and 1 bathroom, perfect for rental income or multi-generational living. This setup is ideal for a buyer looking to live in one of the units while renting out the other unit and the commercial space to help offset the mortgage. Located in a high-demand area with excellent visibility and strong rental demand, this property combines the best of residential comfort and business opportunity. Whether you’re an investor seeking steady cash flow or an owner-occupant looking for both convenience and income, this property offers flexibility and long-term value.

Price History

Date
Event
Price
08/26/25
Listing
$700,000
Condition Rating
Poor
Built in 1944, this property shows significant age and deferred maintenance. The residential units feature very dated kitchens with old cabinets, worn countertops, and older appliances. Flooring is a mix of worn tile and laminate. There is no visible central cooling/heating, relying on standing fans. The commercial space is raw with industrial lighting and worn flooring. The property requires substantial repairs and rehabilitation to meet modern living and commercial standards, including full kitchen/bathroom renovations and HVAC installation.
Pros & Cons

Pros

Versatile Mixed-Use Potential: The property offers a unique combination of residential and commercial income potential, appealing to a broad range of investors and owner-occupants.
Multiple Income Streams: Features one commercial space and two separate 2-bedroom, 1-bathroom residential units, providing diversified rental income opportunities.
Owner-Occupant Mortgage Offset: Ideal for a buyer to live in one residential unit while renting out the other unit and the commercial space, significantly helping to offset mortgage payments.
High-Demand Location: Located in a high-demand area with excellent visibility and strong rental demand, supporting consistent occupancy and business viability.
Long-Term Value & Flexibility: The property's configuration provides inherent flexibility for various uses and strong potential for long-term appreciation and steady cash flow.

Cons

Property Age: Built in 1944, the property may require significant capital expenditures for system updates (e.g., plumbing, electrical, HVAC) or general modernization to meet current standards.
Unspecified Commercial Space Details: The description lacks specific details regarding the commercial space's size, current condition, or precise zoning limitations, which could impact its suitability for various businesses.
Potential for Required Renovations: Given its age, both residential and commercial units may need renovations to maximize rental rates and appeal, implying additional upfront investment for a new owner.

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