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

Features
: No Hookups
Address Map
CA
Los Angeles
Los Angeles
90002
8704 S Central Avenue
0
W119° 44' 38.2''
N33° 57' 32.5''
East on Manchaster, Right on S
MLS Addon
CENTURY 21 MASTERS
ROBERT SORIANO
ROBSELLSLA@GMAIL.COM
CR252196139
CR373585108
: Public

Commercial Sale For Sale

8704 S Central Avenue, Los Angeles, California 90002

4,894 Sqft
$1,450,000
Listing ID #CRMB24248886
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : CRMB24248886
Price : $1,450,000
Square Footage : 4,894 Sqft
Year Built : 1955
Lot Area : 4,964 Sqft
Status : Active
Property SubType : Other
Agent info
Michael Roberts
Contact Agent