8708 S Central Avenue, Los Angeles, CA

Others for Sale - $1,598,500


Agent Info

Robert Soriano
CENTURY 21 Masters

Property Info

CIMLS#1172314
Location
  8708 S Central Avenue
  Los Angeles CA 90002
UpdatedFebruary 26th, 2025
TypeOthers
Price$1,598,500

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!


Financials


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