$1,598,500
0.12 Acre Lot

8708 S Central Avenue, Los Angeles, California 90002

  • Residential Income Property Type
  • 1956 Year Built
Property Description

Introducing a prime investment opportunity in Los Angeles: a two-story building with 10 desirable units. This property includes a spacious 2-bed, 1-bath unit, eight 1-bed, 1-bath units, and a cozy studio. Four single-car garages offer additional income potential.

The building features vibrant paint, updated windows, and many refreshed interiors with individual water heaters. Recently, the seller invested over $200K in a seismic retrofit to meet Los Angeles standards.

This property, along with a twin building next door (8704 S. Central Ave), is ideal for investors looking for rental upside. Both buildings, on separate APNs, are sold together. The seller is open to a carryback offer. Minutes from Downtown LA and close to transit and amenities, this opportunity is perfect for the savvy investor!

Basic Details
Residential Income
For Sale
MB24248904
$1,598,500
None
1956
0.12 Acre
Active
1
Apartment
Features
: None
: Wall Furnace, Natural Gas
: None
: None
: None
: Public Sewer
$0
Address Map
CA
Los Angeles
Los Angeles
90002
Central
8708
Avenue
W119° 44' 38.1''
N33° 57' 31.9''
West
East on Manchaster, Right on S Central Ave Building on Left hand side
C37 - Metropolitan South
S
LAC2
Additional Information
$0
$0
$0
$0
$0
4894
: Sidewalks, Biking, Gated
Standard
1
4.0
: 0-1 Unit/Acre
9
2024-12-12
2
: Public
Broker/Agent Information
CENTURY 21 MASTERS
ROBERT SORIANO
Listing Information
M441514
97354
Cash,Contract,1031 Exchange,Submit
Active
2024-12-13T19:19:59Z
CRMLS
: Standard
2024-12-12T16:45:33Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069