6504 S Central Avenue, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath
ACTIVE$650,000
6504 S Central Avenue, Los Angeles, California 90001
0Bed
0Bath
2,133Sqft
4,053Lot
Year Built
1944
Close
-
List price
$650K
Original List price
$750K
Price/Sqft
$305
HOA
-
Days on market
-
Sold On
-
MLS number
MB24209503
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros.
This is a mix use property,Commercial in the front and a duplex in the back consisting of 2bedrooms1 bathroom each unit.Located just across from the main post office.This Property is located on the Los Angeles county side.Perfect for to run theyre business in the front and rent the back units.Commercial building has fairly new roof,All 3 units have been painted inside and out recently.
Condition Rating
Fair
Built in 1944, the property has received recent cosmetic updates including a new roof on the commercial building and fresh paint inside and out for all units. However, the interior images, particularly of the kitchen and bathroom, reveal highly outdated styles, fixtures, and appliances (e.g., old gas range, basic cabinets, dated tile, simple pedestal sink). While functional and maintained with recent upkeep, these critical areas show no signs of major renovation within the last 30+ years, indicating a need for substantial modernization to meet current standards. The absence of modern HVAC also contributes to its 'fair' condition.
Pros & Cons
Pros
Versatile Mixed-Use Property: The property features a commercial unit in the front and a duplex (two 2-bed/1-bath units) in the back, offering diverse income streams and flexibility for an owner-operator or investor.
Recent Capital Improvements: The commercial building boasts a fairly new roof, and all three units have been recently painted inside and out, reducing immediate maintenance concerns for a buyer.
Strategic Commercial Location: Positioned directly across from the main post office, the commercial space benefits from high visibility and potential foot traffic, enhancing its business appeal.
Income-Generating Residential Units: The two residential units provide immediate rental income potential, making it an attractive option for investors seeking consistent cash flow.
Significant Price Adjustment: The list price has been reduced from $750,000 to $650,000, indicating a potential value opportunity and motivated seller.
Cons
Age of Construction: Built in 1944, the property may have aging underlying infrastructure (e.g., plumbing, electrical systems) that could require significant future investment despite recent cosmetic updates.
Potential for Limited Parking: The description does not specify dedicated parking for either the commercial unit or the residential duplex, which could be a challenge for tenants and customers in an urban setting.
Absence of Modern HVAC: There is no mention of air conditioning or modern heating, which could be a drawback for residential tenants and commercial occupants in Los Angeles' climate.