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Buy a multi-family propertyat 8708 S Central Avenue, Los Angeles, CA 90002

$1,775,000

$1,825,000 (-2.74%)

$0/mo

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Multifamily

5,063 Sq. Ft. lot

0 Bathrooms

400 Days on market

PW23061704 MLS ID

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About 8708 S Central Avenue multi-family property

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, 8704 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, 8704 S. Central Ave., LA CA 90002 is also for sale. Both properties to be sold together.

Property details

Building

2 total stories

Built in 1956

Stories: 2

4894 total building sqft

2+ Common Walls

Two

Community

Curbs

Street Lights

Sidewalks

Cooling

No cooling

Expenses

Insurance Expense: $2,850

Operating Expense: $34,437

Water Sewer Expense: $5,988

Heating

Wall Furnace

Income

Gross Income: 103080

Gross Scheduled Income: 103080

Net Operating Income: 0

Listing

Listing ID: PW23061704

Property Subtype: Apartment

109 days on market

Listed on 2023-04-13

Rent controlled

Location

County: Los Angeles

Lot

5063 sqft

0.1162 acres

Area: 5063

0-1 Unit/Acre

Parking

Carport

4 carport spaces

4 total parking spaces

Carport

Property

Single building

10 units

Property attached

Sewer

Public Sewer

Taxes

Annual Amount: $14,709

Tenant Pays

Electricity

Gas

Utilities

11 separate electric meters

11 separate gas meters

Electricity Available

Natural Gas Available

Monthly cost

Estimated monthly cost

$11,311/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,668,500

+$53,250

$1,721,750

Seller agent commission$53,250 (3%)*

$0 (0%)

Buyer agent commission$53,250 (3%)*

$53,250 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $53,250 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: May 18, 2024 at 1:09 p.m.

Data updated: Aug 1, 2023 at 6:05 a.m.

Property listed by Realty Connection Group, Freddy Orellana
Based on information from California Regional Multiple Listing Service, Inc. as of 08/01/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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