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8704 S Central Avenue

Los Angeles (City), CA 90002
  • $1,598,500
  • STATUS: Active
  • ON SITE: 136 Days
  • MLS #: MB24248886
UPDATED: 57 min ago
$1,598,500
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

Listing Agent(s): Robert Soriano of CENTURY 21 MASTERS (800-463-0977)


Description

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, dont miss out on this incredible investment opportunity!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-29T18:33:21.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/158751512
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8704 S Central Avenue Los Angeles (City), CA 90002

  • Price: $1,598,500
  • Status: Active
  • On Site: 136 Days
  • Updated: 57 min ago
  • MLS #: MB24248886
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1955
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
Property Description
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, dont miss out on this incredible investment opportunity!
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 10 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 7 Common Interest Community Apartment Community Features BikingStorm Drain(s)Street LightsSidewalks Electric Expense 1000 Fuel Expense 0 Garage YN No Gross Income 136368 Gross Scheduled Income 115692 Insurance Expense 4036 Land Lease YN No Laundry Features None Levels Two Listing Agreement Seller Reserved Listing Service Full Service Listing Terms CashContract1031 ExchangeOwner Will Carry Net Operating Income 81255 New Construction YN No Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Number Of Units Leased 10 Operating Expense 26000 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All UtilitiesElectricityGasParking FeeTelephone Total Actual Rent 10964 Trash Expense 6600 Water Sewer Expense 6000 Water Source Public Zoning LAC2



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-29T18:33:21.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Robert Soriano of CENTURY 21 MASTERS (800-463-0977)