Introducing a stunning two-story building with 10 highly sought-after residential units in a prime Los Angeles location. This gem offers a vibrant mix of residences: one spacious 2-bed, 1-bath unit, eight charming 1-bed, 1-bath units, and one cozy studio. Additionally, there are four single-car garages available for lease, providing extra income potential.
The building stands out with its vibrant paint job and updated windows, making it a desirable place to live. Many of the units boast refreshed interiors and individual water heaters, ensuring modern comfort for tenants. The exterior has recently undergone a significant upgrade, with the seller investing over $200K in a seismic retrofit to comply with the city of Los Angeles.
This property presents a fantastic opportunity for the savvy investor, offering considerable upside on rents. It is conveniently located near public transportation, local amenities, and just minutes from Downtown Los Angeles. Adding to the appeal, a twin building next door shares a courtyard with this property and is also available for sale. With two separate APNs, both properties are to be sold together. The address of the neighboring building is 8708 S. Central Avenue MLS: MB24107071.
The seller is willing to negotiate a carryback offer. On the market and waiting for the smart investor looking to add two standout properties to their portfolio, don’t miss out on this incredible investment opportunity!
The building stands out with its vibrant paint job and updated windows, making it a desirable place to live. Many of the units boast refreshed interiors and individual water heaters, ensuring modern comfort for tenants. The exterior has recently undergone a significant upgrade, with the seller investing over $200K in a seismic retrofit to comply with the city of Los Angeles.
This property presents a fantastic opportunity for the savvy investor, offering considerable upside on rents. It is conveniently located near public transportation, local amenities, and just minutes from Downtown Los Angeles. Adding to the appeal, a twin building next door shares a courtyard with this property and is also available for sale. With two separate APNs, both properties are to be sold together. The address of the neighboring building is 8708 S. Central Avenue MLS: MB24107071.
The seller is willing to negotiate a carryback offer. On the market and waiting for the smart investor looking to add two standout properties to their portfolio, don’t miss out on this incredible investment opportunity!
Property Details
Price:
$1,598,500
MLS #:
MB24106529
Status:
Active
Baths:
0
Address:
8704 S Central Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c37metropolitansouth
City:
Los Angeles
Listed Date:
May 20, 2024
State:
CA
ZIP:
90002
Lot Size:
4,964 sqft / 0.11 acres (approx)
Year Built:
1955
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Schools
Interior
Exterior
Community Features
Biking, Sidewalks, Storm Drains, Street Lights
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Tenant Pays
All Utilities, Electricity, Gas, Parking Fee, Telephone
Map
Community
- Address8704 S Central Avenue Los Angeles CA
- AreaC37 – Metropolitan South
- CityLos Angeles
- CountyLos Angeles
- Zip Code90002
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Courtesy of EXCELLENCE RE REAL ESTATE. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
8704 S Central Avenue
Los Angeles, CA
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