8708 S Central Avenue, Los Angeles, CA 90002
- $1,599,000
- $327
- $1,599,000
- $327
Description
Discover a standout investment in the heart of Los Angeles! This eye-catching, two-story building features 10 in-demand residential units, making it a hot property for the savvy investor. Choose from a mix of one spacious 2-bed, 1-bath unit, eight charming 1-bed, 1-bath units, and a cozy studio. Plus, with four single-car garages available for lease, there’s extra income potential.
What makes this property irresistible? The vibrant paint job and updated windows make it a prime location for tenants. Most units also feature refreshed interiors and individual water heaters, offering modern comfort. The exterior has seen a major upgrade, with over $200K spent on a seismic retrofit to meet Los Angeles city.
Situated close to public transportation, local amenities, and just minutes from Downtown LA, this property is a fantastic opportunity for rental growth. Even better, a twin building next door shares a courtyard with this property and is also up for sale. With two separate APNs, both properties are a package deal. The address of the neighboring building is 8704 S. Central Avenue, MLS: MB24106529
This prime investment is on the market now, waiting for a smart investor to snap it up. The seller is willing to negotiate a carryback offer. Don’t miss your chance to add this standout property to your portfolio!
Address
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Address: 8708 S Central Avenue
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City: Los Angeles
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State/county: CA
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Zip/Postal Code: 90002
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Area: C37 - Metropolitan South
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Country: United States
Details
Updated on July 7, 2024 at 9:45 am-
Property ID SGR-33172868
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Price $1,599,000
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Land Area 5063.00 m²
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Garages 4.00
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Year Built 1956
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Property Type Residential Income
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Property Status For Sale
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Living Area 4894.00
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MLS# MB24107071
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Office Name EXCELLENCE RE REAL ESTATE
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Agent Name ROBERT SORIANO
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MLS Status Active
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Living Area Prefix Sqft
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Agent State License 02026298
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IDX Contact Info 562-237-3447
Additional details
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View None
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Sewer Public Sewer
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Cooling None
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Heating Natural Gas,Wall Furnace
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County Los Angeles
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Property SubType Apartment
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Parking 4.00
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Water Source Public
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