Los Angeles, CA 90002 8708 S Central Avenue

8708 S Central Avenue Los Angeles, CA - Image 18708 S Central Avenue Los Angeles, CA - Image 28708 S Central Avenue Los Angeles, CA - Image 3
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Presented By: ROBERT SORIANO with CENTURY 21 MASTERS; 562-237-3447
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# MB24248904
  • 12/12/2024
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 9
  • Baths • 9
  • SQFT • 4,894
  • Garage • 4

Home Details

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!
Presented By: ROBERT SORIANO with CENTURY 21 MASTERS; 562-237-3447

Interior Features for 8708 S Central Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories2

Other Rooms

Entry Level1

General for 8708 S Central Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.4
Carport Y/NNo
CityLos Angeles
Community FeaturesBiking, Sidewalks, Gated
CoolingNone
CountyLos Angeles
DirectionsEast on Manchaster, Right on S Central Ave Building on Left hand side
ElectricStandard
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Facing DirectionWest
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income110220.0
HOANo
HeatingNaturalGas, WallFurnace
Home Warranty Y/NNo
Insurance Expense4036.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Contract, Exchange1031, Submit
Lot Size Square Feet5063.0
Lot Size UnitsSquareFeet
MLS AreaC37 - Metropolitan South
MobileHomeRemainsYNNo
Net Operating Income84060.0
New ConstructionNo
Number Of Units Total9
Number of Units Leased10
Operating Expense26000.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesGatedCommunity
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot103
Tenant PaysAllUtilities
Total Actual Rent110220.0
Trash Expense6960.0
ViewNone
Water Sewer Expense12600.0
Waterfront Y/NNo
Year Built1956
Year Built SourceAppraiser
ZoningLAC2

Exterior for 8708 S Central Avenue

Building Area Total4894.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1162
Lot Size Area5063.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,598,500
MLS#MB24248904
List Date 12/12/2024
Property Type Multi-Family
Phone 714.742.6515
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