Los Angeles, CA 90002 8704 S Central Avenue

8704 S Central Avenue Los Angeles, Ca - Image 18704 S Central Avenue Los Angeles, Ca - Image 28704 S Central Avenue Los Angeles, Ca - Image 3
Presented By: Ronald Perez with Jason Mitchell Real Estate California;
  • MLS# PW24030451
  • 02/27/2024
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  • BedBeds • 10
  • BathBaths • 3
  • FootageSQFT • 4,894

Home Details

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
Presented By: Ronald Perez with Jason Mitchell Real Estate California;

Interior Features for 8704 S Central Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Vinyl
Heating Y/NYes
Laundry FeaturesNone
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 8704 S Central Avenue

AccessibilityNone
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces4.0
Carport Y/NYes
CityLos Angeles
Community FeaturesUrban, Gated
ContingencySubject to inspection. Drive by only. Units will only be shown to accepted offer only. **Updated rent roll on supplement section**
CoolingNone
CountyLos Angeles
Current FinancingConventional
Days on Market21
DirectionsSouth of Manchester Avenue / Firestone Blvd / North of Century Blvd.
DisclosuresRentControl
ElectricStandard
Electric Expense690.0
Entry Location1st floor
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income200.0
HOA0.0
HOA / Comm AssnNo
HeatingNaturalGas, WallFurnace
Home Warranty Y/NNo
Insurance Expense4036.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Conventional, Submit
Lot Size Square Feet4964.0
MLS Area699 - Not Defined
MobileHomeRemainsYNNo
Net Operating Income106640.0
New ConstructionNo
Number of Units Leased10
Operating Expense28000.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofFlat
Security FeaturesCarbonMonoxideDetectors, GatedCommunity
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameCentral
Tax Lot101
Tenant PaysElectricity, Gas, ParkingFee, SeeRemarks
Total Actual Rent11220.0
Total Units10
Trash Expense6600.0
UtilitiesElectricityConnected, NaturalGasAvailable, SewerAvailable, SewerConnected, SeeRemarks, WaterAvailable, WaterConnected
ViewNone
View Y/NNo
Water Sewer Expense5988.0
Waterfront Y/NNo
Year Built1955
Year Built SourceAssessor
ZoningLAC2

Exterior for 8704 S Central Avenue

Building Area Total4894.0
Crops Included Y/NNo
FencingWroughtIron
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.114
Lot Size Area4964.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters11
Number of Separate Gas Meters11
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAttachedCarport, Covered
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,675,000
MLS#PW24030451
List Date 02/27/2024
Property Type Multi-Family
Phone 714.964.3311
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