8704 S Central Avenue, Los Angeles, CA 90002 - Berkshire Hathaway HomeServices California Properties

8704 S Central Avenue, Los Angeles, CA 90002

$1,598,500 Approx. USD 0 beds, 0 baths

Listing Agent


ROBERT SORIANO | ROBSELLSLA@GMAIL.COM
Lic#: 02026298
Broker: Courtesy of CENTURY 21 MASTERS

Agent Remarks

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. The seller is willing to negotiate a partial 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!

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# MB24248886
Price: $1,598,500
Beds: 0
Baths: 0
Built in 1955
2 stories
0.11 acres
Lot size: 0.1140
County: Los Angeles
Zoning: LAC2
Lot description: ZeroToOneUnitAcre
MLS area: C37 - Metropolitan South

Last Updated: 12/14/2024

 Days On Market (DOM): 146

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This listing belongs to the C37 - Metropolitan South MLS area

Lat/Long: 33.959004, -118.256077.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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