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!