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8708 S Central Avenue

Los Angeles, CA 90002

– beds
– baths
– sqft
5,063 sqft lot
1956 build
– on site

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, MLS: MB24106529), 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!

Listed By CRMLS_CA / ROBERT SORIANO / EXCELLENCE RE REAL ESTATE / 562-237-3447

Last checked: Checking… • Last updated Nov 14, 2024 •

MLS# MB24107071 —

The Building

Year Built:

1956
Year Built Source:

Appraiser
New Construction:

No
Entry Level:

1
Common Walls:

2+ Common Walls
Faces:

West
Building Area Total:

4894.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

10
Stories Total:

2
# of Separate Gas Meters:

10
# of Separate Water Meters:

1
# of Separate Electric Meters:

10

Interior

Entry Location:

1
Fireplace:

No
Fireplace:

None
Laundry:

None

Location

Directions:

East on Manchaster, Right on S Central Ave Building on Left hand side
Latitude:

33.95886700
Longitude:

-118.25607800

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LAC2
Lot Features:

0-1 Unit/Acre
Lot Size Area:

5063.0000
Lot Size Acres:

0.1162
Lot Size SqFt:

5063.00
Lot Size Source:

Assessor
View:

None
Security Features:

Gated Community
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

2400.10
Tax Tract:

7421
Tax Lot:

103

The Listing

Special Listing Conditions:

Standard
Parcel Number:

6043002016
Showings Begin:

2024-05-31

Heating & Cooling

Heating:

1
Heating:

Natural Gas, Wall Furnace
Cooling:

No
Cooling:

None

Utilities

Sewer:

Public Sewer
Electric:

Standard
Water Source:

Public

The Community

Senior Community:

No
Features:

Biking, Sidewalks
Pool:

None
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Unknown

Parking

Parking Spaces:

4.00
Garage Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
8/13/24 Aug 13, 2024	Price Changed	CRMLS_CA	$1,598,500	-0.0%
5/31/24 May 31, 2024	Listed / Active	CRMLS_CA	$1,599,000
2/27/24 Feb 27, 2024	Listed / Active	CRMLS_CA

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This multifamily located in South LA, Los Angeles, CA 90002 is currently for sale for $1,598,500. 8708 S Central Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 176 days. 8708 S Central Avenue is in the South LA neighborhood of Los Angeles and has a WalkScore® of 77, making it very walkable. This multifamily is in the attendance area of Russell Elementary School, Mervyn M Dymally Senior High, and Charles Drew Middle School.

Listing Courtesy of: CRMLS_CA and EXCELLENCE RE REAL ESTATE. Based on information from California Regional Multiple Listing Service, Inc. as of 00:00 on Nov 23.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.