
1915 S Central Ave Los Angeles, CA 90011
Historic South Central NeighborhoodAbout This Home
As of June 2025Discover 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 buildingspace 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 4.96market 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!
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 3107801899 License #01717818 Listed on: 02/10/2025

Co-Listed By
Lyon Stahl Investment Real Est Brokerage Phone: 3107801899 License #01399621
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,031
Year Built
- Built in 1905
Lot Details
- 5,150 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 1 Bathroom
- 7,400 Sq Ft Home
- 2-Story Property
Listing and Financial Details
- Legal Lot and Block 23 / R
- Tax Tract Number 1
- Assessor Parcel Number 5131008014
- $904 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 24 Units
Recreation
- Bike Trail
Building Details
- 24 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $11,527
- Maintenance Expense $14,470
- Other Expense $42,272
- Pest Control $451
- Professional Management Expense $22,868
- New Taxes Expense $25,745
- Operating Expense $118,534
- Gross Income $243,927
- Net Operating Income $113,197
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Grant Deed | $1,540,000 | First American Title Company | |
Grant Deed | $785,000 | First American Title Co | |
Quit Claim Deed | $310,000 | -- | |
Joint Tenancy Deed | $80,426 | Stewart Title |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Previous Owner | $3,780,000 | Construction | |
Previous Owner | $174,800 | Commercial | |
Previous Owner | $510,000 | Commercial |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/06/2025 06/06/25 | Sold | $1,540,000 | -17.9% | $208 / Sq Ft |
02/27/2025 02/27/25 | Pending | -- | -- | -- |
02/10/2025 02/10/25 | For Sale | $1,875,000 | -- | $253 / Sq Ft |
Tax History Compared to Growth
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2025 | $14,031 | $1,116,092 | $689,561 | $426,531 |
2024 | $14,031 | $1,094,209 | $676,041 | $418,168 |
2023 | $13,771 | $1,072,755 | $662,786 | $409,969 |
2022 | $13,150 | $1,051,722 | $649,791 | $401,931 |
2021 | $12,953 | $1,031,100 | $637,050 | $394,050 |
2019 | $13,846 | $1,000,518 | $618,155 | $382,363 |
2018 | $13,718 | $980,901 | $606,035 | $374,866 |
2016 | $13,071 | $942,812 | $582,502 | $360,310 |
2015 | $11,672 | $928,651 | $573,753 | $354,898 |
2014 | $11,733 | $910,461 | $562,514 | $347,947 |
Agents Affiliated with this Home
-
Seller's Agent in 2025
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
3 in this area
147 Total Sales
-
Seller Co-Listing Agent in 2025
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
3 in this area
153 Total Sales
-
Buyer's Agent in 2025
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
2 in this area
95 Total Sales
-
Buyer Co-Listing Agent in 2025
Evelyn Baez Gonzalez
Lyon Stahl Investment Real Estate, Inc.
(310) 598-1233
3 in this area
57 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25011289

APN: 5131-008-014
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