8708 S Central Avenue Los Angeles, CA $ 1,675,000
8708 S Central Avenue
$ 1,675,000
Share Save

8708 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
8708 S Central Avenue, Los Angeles, CA 90002 - Image 1
8708 S Central Avenue, Los Angeles, CA 90002 - Image 2
8708 S Central Avenue, Los Angeles, CA 90002 - Image 3

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 1956 on a lot size of 0.1162.

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 5 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 : 8704 S. Central Avenue. MLS #PW24030451.

See more

Multi-Family Active

Price

$ 1,675,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.1162

Year Built

1956

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

PW24030469

Days on Market

79

Features
General
Sewer PublicSewer
Heating NaturalGas WallFurnace
Cooling None
Utilities ElectricityAvailable ElectricityConnected NaturalGasAvailable NaturalGasConnected SewerAvailable SewerConnected WaterAvailable WaterConnected
Possession CloseOfEscrow
Roof Flat
Zoning LAC2
HOA 0.0
Garage Spaces 0.0
Pool Features None
Security Features GatedCommunity
Construction Materials Stucco
Year Built 1956
Electric Standard
Tenant Pays Electricity Gas
View None
Stories 2
Levels Two
Property SubType Apartment
Gross Income 250.0
Community Features Urban Gated
Accessibility None
County Los Angeles
Net Operating Income 77420.0
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. **updated rent roll on supplement section**
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions South of Manchester/Firestone North of Century
City Los Angeles
Disclosures RentControl
Entry Location ground
View Y/N N
Senior Community Y/N N
Total Units 10
MLS Area C34 - Los Angeles Southwest
Lot Size Square Feet 5063.0
Private Pool N
Waterfront Y/N N
Carport Spaces 5.0
Carport Y/N Y
Number of Units Leased 10
Street Name Central
Listing Terms Cash CashtoExistingLoan Conventional Submit
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 1000.0
Home Warranty Y/N N
Current Financing Conventional
Fuel Expense 0.0
Property Condition UpdatedRemodeled
Trash Expense 6600.0
Water Sewer Expense 6000.0
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 103
Total Actual Rent 8785.0
Property Sub Type Additional Apartment
See more
Interior
Flooring Carpet Tile 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
See more
Exterior
Fencing WroughtIron
Parking Features AttachedCarport
Lot Features Item01UnitAcre
Water Source Public
Total Parking 5.0
Lot Size Area 5063.0
Foundation Details Slab SeeRemarks
Number of Buildings 1
Spa N
Building Area Total 4894.0
Lot Size Acres 0.1162
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
See more
Internal Only
Street Number 1 8708
See more
* 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
--
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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

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
2/28/2024$1,675,000 Listed Price

Map


See all

8708 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 0.1162. 8708 S Central Avenue has 2 bedrooms, 1.0 baths, and was built in 1956. The property's zip code is 90002 which is in Los Angeles, CA