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8704 S Central Avenue

Los Angeles, CA 90002
  • $1,715,000
  • STATUS: ACTIVE
  • ON SITE: 164 Days
  • ID#: PW23061787
Price Reduced
UPDATED: 20 min ago
$1,715,000
  • 3
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

This is a great opportunity to invest in a residential income property that provides a steady and reliable return on investment. The property consists of a mix of 10 units in a two story building. The exterior of the property has recently been updated, allowing for easy maintenance, reduced utility costs and has good potential for appreciation because it is in a high demand rental area. Seller paid over $200k to have Seismic Retrofit work done on the property to meet Los Angeles City code 3 years ago. The property is situated in a desirable neighborhood, close to public transportation, local amenities and minutes from Downtown LA via the 110 Freeway. Next door building 8708 S. Central Ave., LA CA 90002 is also for sale. Both properties to be sold together. This is a great opportunity to invest in a residential income property that provides a steady and reliable return on investment. The property consists of a mix of 10 units in a two story building. The exterior of the property has recently been updated, allowing for easy maintenance, reduced utility costs and has good potential for appreciation because it is in a high demand rental area. Seller paid over $200k to have Seismic Retrofit work done on the property to meet Los Angeles City code 3 years ago. The property is situated in a desirable neighborhood, close to public transportation, local amenities and minutes from Downtown LA via the 110 Freeway. Next door building 8708 S. Central Ave., LA CA 90002 is also for sale. Both properties to be sold together.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
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8704 S Central Avenue Los Angeles, CA 90002

  • Price: $1,715,000
  • Status: ACTIVE
  • On Site: 164 Days
  • Updated: 20 min ago
  • ID#: PW23061787
3
Beds
0
Baths
0
½ Baths
0.11
Acres
Neighborhood:
Los Angeles (90002)
County:
Los Angeles
Area:
Los Angeles (90002)
Property Description
This is a great opportunity to invest in a residential income property that provides a steady and reliable return on investment. The property consists of a mix of 10 units in a two story building. The exterior of the property has recently been updated, allowing for easy maintenance, reduced utility costs and has good potential for appreciation because it is in a high demand rental area. Seller paid over $200k to have Seismic Retrofit work done on the property to meet Los Angeles City code 3 years ago. The property is situated in a desirable neighborhood, close to public transportation, local amenities and minutes from Downtown LA via the 110 Freeway. Next door building 8708 S. Central Ave., LA CA 90002 is also for sale. Both properties to be sold together. This is a great opportunity to invest in a residential income property that provides a steady and reliable return on investment. The property consists of a mix of 10 units in a two story building. The exterior of the property has recently been updated, allowing for easy maintenance, reduced utility costs and has good potential for appreciation because it is in a high demand rental area. Seller paid over $200k to have Seismic Retrofit work done on the property to meet Los Angeles City code 3 years ago. The property is situated in a desirable neighborhood, close to public transportation, local amenities and minutes from Downtown LA via the 110 Freeway. Next door building 8708 S. Central Ave., LA CA 90002 is also for sale. Both properties to be sold together.
Exterior Features

Pool N/K

Interior Features

Cooling N/K Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1

Property Features

Annual Expense Actual 34437 Buildings 1 Cfd Mello Roos Fee 2355.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 115692 Home Owners Fees 0.0 Monthly Total Fees 196 Tenant Pays ElectricityGas/Propane Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 6889.0 Unit2 Rent Actual 1100.0 Unit3 Rent Actual 616.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Freddy Orellana of Realty Connection Group: 562-413-8030. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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