8704 S Central Avenue Los Angeles, CA $ 1,675,000
8704 S Central Avenue
$ 1,675,000
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8704 S Central Avenue

Los Angeles, CA, 90002
$ 1,675,000
Bedrooms2 Baths1.0 Sq 4,894

Monthly Estimate*

$ 11,700

Listed by Jason Mitchell Real Estate California
8704 S Central Avenue, Los Angeles, CA 90002 - Image 1
8704 S Central Avenue, Los Angeles, CA 90002 - Image 2
8704 S Central Avenue, Los Angeles, CA 90002 - Image 3
8704 S Central Avenue, Los Angeles, CA 90002 - Image 4

Multi-Family Home for sale in Los Angeles, CA

for $1,675,000 with 2 bedrooms and 1 full bath. This 4,894 square foot home was built in 1955 on a lot size of 0.114.

2 story building consisting of 10 residential units in high demand area in the city of Los Angeles. The property is a mix of 1 - 2 bed 1 bath, 8- 1 bed 1 bath and 1 studio units. There are 4 single car garages that are individually lease for extra income. Most units have updated windows, updated interiors and individual water heaters. The exterior has recently been updated and seller spent over $200K to complete a seismic retrofit to meet city of Los Angeles retrofit code. This is a great opportunity for the savvy investor due to upside on rents. Located close to public transportation, local amenities and minutes from Downtown Los Angeles. Next door twin building which shares a courtyard with the subject property is also for sale. 2 separate APN's and both properties must be sold together. Next door building address is : 8708 S. Central Avenue MLS #PW24030469. w

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Multi-Family Active

Price

$ 1,675,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.114

Year Built

1955

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

PW24030451

Days on Market

79

Features
General
Sewer PublicSewer
Heating NaturalGas WallFurnace
Cooling None
Utilities ElectricityConnected NaturalGasAvailable SewerAvailable SewerConnected SeeRemarks WaterAvailable WaterConnected
Possession CloseOfEscrow
Roof Flat
Zoning LAC2
HOA 0.0
Garage Spaces 0.0
Pool Features None
Security Features CarbonMonoxideDetectors GatedCommunity
Year Built 1955
Electric Standard
Tenant Pays Electricity Gas ParkingFee SeeRemarks
View None
Stories 2
Levels Two
Property SubType Apartment
Gross Income 200.0
Community Features Urban Gated
Accessibility None
County Los Angeles
Net Operating Income 106640.0
Operating Expense 28000.0
Insurance Expense 4036.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency Subject to inspection. Drive by only. Units will only be shown to accepted offer only. **Updated rent roll on supplement section**
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions South of Manchester Avenue / Firestone Blvd / North of Century Blvd.
City Los Angeles
Disclosures RentControl
Entry Location 1st floor
View Y/N N
Senior Community Y/N N
Total Units 10
MLS Area 699 - Not Defined
Lot Size Square Feet 4964.0
Private Pool N
Waterfront Y/N N
Carport Spaces 4.0
Carport Y/N Y
Number of Units Leased 10
Street Name Central
Listing Terms Cash Conventional Submit
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 690.0
Home Warranty Y/N N
Current Financing Conventional
Fuel Expense 0.0
Property Condition UpdatedRemodeled
Trash Expense 6600.0
Water Sewer Expense 5988.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 76
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 101
Total Actual Rent 11220.0
Property Sub Type Additional Apartment
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Interior
Flooring Carpet Vinyl
Fireplace Features None
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Exterior
Fencing WroughtIron
Parking Features AttachedCarport Covered
Lot Features Item01UnitAcre
Water Source Public
Total Parking 4.0
Lot Size Area 4964.0
Foundation Details Slab
Number of Buildings 1
Spa N
Building Area Total 4894.0
Lot Size Acres 0.114
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 11
Number of Separate Electric Meters 11
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 8704
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* Excluded Features
List By
Jason Mitchell Real Estate California

Broker

(818) 749-2979

Phone

Affordability Calculator

$11,700
Per Month
100%
0%
0%
Monthly Principal & Interest
$11,700
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/27/2024$1,675,000 Listed Price

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8704 S Central Avenue, Los Angeles, CA, 90002 is a Multi-Family Home for sale at $1,675,000 with 4,894 sqft and a lot size of 0.114. 8704 S Central Avenue has 2 bedrooms, 1.0 baths, and was built in 1955. The property's zip code is 90002 which is in Los Angeles, CA