Introducing a prime investment opportunity in Los Angeles: a two-story building with 10 desirable units. This property includes a spacious 2-bed, 1-bath unit, eight 1-bed, 1-bath units, and a cozy studio. Four single-car garages offer additional income potential.
The building features vibrant paint, updated windows, and many refreshed interiors with individual water heaters. Recently, the seller invested over $200K in a seismic retrofit to meet Los Angeles standards.
This property, along with a twin building next door (8704 S. Central Ave, MLS: MB24106529), is ideal for investors looking for rental upside. Both buildings, on separate APNs, are sold together. The seller is open to a carryback offer. Minutes from Downtown LA and close to transit and amenities, this opportunity is perfect for the savvy investor!
The building features vibrant paint, updated windows, and many refreshed interiors with individual water heaters. Recently, the seller invested over $200K in a seismic retrofit to meet Los Angeles standards.
This property, along with a twin building next door (8704 S. Central Ave, MLS: MB24106529), is ideal for investors looking for rental upside. Both buildings, on separate APNs, are sold together. The seller is open to a carryback offer. Minutes from Downtown LA and close to transit and amenities, this opportunity is perfect for the savvy investor!
Property Details
Price:
$1,598,500
MLS #:
MB24107071
Status:
Active
Baths:
0
Address:
8708 S Central Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c37metropolitansouth
City:
Los Angeles
Listed Date:
May 20, 2024
State:
CA
ZIP:
90002
Lot Size:
5,063 sqft / 0.12 acres (approx)
Year Built:
1956
See this Listing
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Schools
Interior
Cooling
None
Fireplace Features
None
Heating
Natural Gas, Wall Furnace
Exterior
Community Features
Biking, Sidewalks
Electric
Standard
Garage Spaces
4.00
Lot Features
0-1 Unit/ Acre
Parking Spots
4.00
Pool Features
None
Security Features
Gated Community
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Tenant Pays
All Utilities
Map
Community
- Address8708 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.8708 S Central Avenue
Los Angeles, CA
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