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8704 Central Avenue, Los Angeles, CA 90002
Priced at Only: $1,598,500
For more Information Call Mobile: 714.478.6676
Address: 8704 Central Avenue, Los Angeles, CA 90002
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  • MLS#: MB24248886 ( Apartment )
  • Street Address: 8704 Central Avenue
  • Viewed: 1
  • Price: $1,598,500
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1955
  • Bldg sqft: 0
  • Days On Market: 23
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90002
  • Provided by: CENTURY 21 MASTERS
  • Contact: ROBERT ROBERT
  • California Regional MLS IDX
  • DMCA Notice
  • 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!
Features
Building Area Total
  1. 4894.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 177
Electric Expense
  1. 1000.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 4036.00
Laundry Features
  1. None
Laundry Income
  1. 0.00
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 81255.00
Number Of Separate Electric Meters
  1. 10
Number Of Separate Gas Meters
  1. 10
Otherincome1
  1. 4800.00
Otherincomedescription
  1. car spaces
Parcel Number
  1. 6043002015
Pool Features
  1. None
Postalcodeplus4
  1. 1116
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 428640743:CRM
Tenant Pays
  1. All Utilities
  2. Electricity
  3. Gas
  4. Parking Fee
  5. Telephone
Totalactualrent
  1. 10964.00
Totalexpenses
  1. 26000.00
Trash Expense
  1. 6600.00
Water Sewer Expense
  1. 6000.00
Water Source
  1. Public
Year Built
  1. 1955
Year Built Source
  1. Assessor
Zoning
  1. LAC2
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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