CA > Los Angeles
Los Angeles, CA 90002,8704 S Central AVE
Los Angeles, CA 90002,8704 S Central AVE
Los Angeles, CA 90002,8704 S Central AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,450,000
Est. payment /mo
4,965 Sqft Lot
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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID MB24248886

HOA Y/N No

Year Built 1955

Lot Size 4,965 Sqft

Property Sub-Type Apartment

Property Description

Introducing a stunning two-story building with 10 highly sought-after residential units in a prime Los Angeles location. This gem offers a vibrant mix of residences: one spacious 2-bed, 1-bath unit, eight charming 1-bed, 1-bath units, and one cozy studio. Additionally, there are four single-car garages available for lease, providing extra income potential.

The building stands out with its vibrant paint job and updated windows, making it a desirable place to live. Many of the units boast refreshed interiors and individual water heaters, ensuring modern comfort for tenants. The exterior has recently undergone a significant upgrade, with the seller investing over $200K in a seismic retrofit to comply with the city of Los Angeles.

This property presents a fantastic opportunity for the savvy investor, offering considerable upside on rents. It is conveniently located near public transportation, local amenities, and just minutes from Downtown Los Angeles. Adding to the appeal, a twin building next door shares a courtyard with this property and is also available for sale. With two separate APNs, both properties are to be sold together. The address of the neighboring building is 8708 S. Central Avenue.
The seller is willing to negotiate a partial carryback offer. On the market and waiting for the smart investor looking to add two standout properties to their portfolio, don't miss out on this incredible investment opportunity!

Location

State CA

County Los Angeles

Area C37 - Metropolitan South

Zoning LAC2

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Biking, Storm Drain(s), Street Lights, Sidewalks

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6043002015

Acceptable Financing Cash, Contract, 1031 Exchange, Owner Will Carry

Listing Terms Cash, Contract, 1031 Exchange, Owner Will Carry

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by ROBERT SORIANO • CENTURY 21 MASTERS • 562-237-3447

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