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8708 Central Avenue, Los Angeles, CA 90002
Priced at Only: $1,598,500
For more Information Call Mobile: 714.478.6676
Address: 8708 Central Avenue, Los Angeles, CA 90002
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8708 Central Avenue
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  • MLS#: MB24107071 ( Apartment )
  • Street Address: 8708 Central Avenue
  • Viewed: 2
  • Price: $1,598,500
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1956
  • Bldg sqft: 0
  • Days On Market: 221
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90002
  • Provided by: EXCELLENCE RE REAL ESTATE
  • Contact: ROBERT ROBERT
  • California Regional MLS IDX
  • DMCA Notice
  • 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, 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!
Features
Assessments
  1. Unknown
Building Area Total
  1. 4894.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. None
Country
  1. US
Days On Market
  1. 168
Direction Faces
  1. West
Electric
  1. Standard
Fireplace Features
  1. None
Fuel Expense
  1. 0.00
Garage Spaces
  1. 4.00
Heating
  1. Natural Gas
  2. Wall Furnace
Insurance Expense
  1. 4036.00
Laundry Features
  1. None
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 84060.00
Number Of Separate Electric Meters
  1. 10
Number Of Separate Gas Meters
  1. 10
Otherincome1
  1. 4800.00
Otherincomedescription
  1. secure car spaces
Parcel Number
  1. 6043002016
Pool Features
  1. None
Postalcodeplus4
  1. 1117
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Security Features
  1. Gated Community
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 415587108:CRM
Spa Features
  1. None
Tenant Pays
  1. All Utilities
Totalactualrent
  1. 110220.00
Totalexpenses
  1. 26160.00
Trash Expense
  1. 6960.00
View
  1. None
Water Sewer Expense
  1. 12600.00
Water Source
  1. Public
Year Built
  1. 1956
Year Built Source
  1. Appraiser
Zoning
  1. LAC2
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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