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8708 S Central Avenue

Los Angeles (City), CA 90002
  • $1,598,500
  • STATUS: Active
  • ON SITE: 127 Days
  • MLS #: MB24248904
UPDATED: 50 min ago
$1,598,500
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

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


Description

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), 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!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-20T11:26:51.333. 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/158751527
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8708 S Central Avenue Los Angeles (City), CA 90002

  • Price: $1,598,500
  • Status: Active
  • On Site: 127 Days
  • Updated: 50 min ago
  • MLS #: MB24248904
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1956
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
Property Description
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), 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!
Exterior Features

Direction Faces West Entry Level 1 Entry Location 1 Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 10 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Natural GasWall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 5.4 Common Interest Community Apartment Community Features BikingSidewalksGated Electric Standard Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 110220 Gross Scheduled Income 105420 Insurance Expense 4036 Land Lease YN No Laundry Features None Listing Agreement Seller Reserved Listing Service Full Service Listing Terms CashContract1031 ExchangeSubmit Net Operating Income 84060 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 Security Features Gated Community Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 110220 Trash Expense 6960 Water Sewer Expense 12600 Water Source Public Zoning LAC2



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-20T11:26:51.333. 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)