8708 South Central Avenue

Los Angeles, CA 90002

$1,598,500
Price
9
Beds
9
Baths
4,894 Sq. Ft.
$327 / Sq. Ft.
4,894
Sq. Ft.
$327
per Sq. Ft.
a view of a city
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an aerial view of a house with a garden
an aerial view of a house with a mountain view
a view of a water fountain in the middle of a building
an aerial view of a house with outdoor space
an aerial view of a multi story parking building
an aerial view of a dinning table and chairs in the patio
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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...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!
  1. Listed by ROBERT SORIANO • DRE #02026298 • Brokerage DRE #01914184 • EXCELLENCE RE REAL ESTATE • 562-237-3447

Property Details for 8708 South Central Avenue

View
None
Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K
Total Units
10.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4894
LISTING UPDATED: 11/13/2024 09:25 AM

Property Details for 8708 South Central Avenue

StatusActive
MLS #MB24107071
Days on Market165
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
CountyLos Angeles County

Building Information for 8708 South Central Avenue

Building/Complex8708 S Central AveFloor-Stories2Residences-Pet Policy-Year Built1956Building Size-

Property Information for 8708 South Central Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $110,220
  • Gross Scheduled Income: $105,420
  • Net Operating Income: $84,060
  • Other Income Description: secure car spaces
  • Other Income 1: $4,800
  • Cap Rate: 5.4
Expense Details
  • Operating Expense: $26,000
  • Fuel Expense: $0
  • Insurance Expense: $4,036
  • Professional Management Expense: $0
  • Trash Expense: $6,960
  • Water Sewer Expense: $12,600
  • Total Expenses: $26,160
Tax / Assessment Info
  • Tax Tract Number: 7421
  • Tax Census Tract: 2400.10
  • CFD/Mello-Roos Fee: $2,316
  • Tax Lot: 103
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Biking, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Natural Gas, Wall
  • Heat Source: Natural Gas
  • Heating: Natural Gas, Wall Furnace
Exterior Features
  • Security Features: Gated Community
  • Security: Gated Community
  • Entry Location: 1
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Direction Faces: West
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $846
  • Unit Type Total Rent: $10,152
  • Unit Type Pro Forma: 1580
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,040
  • Unit Type Total Rent: $12,480
  • Unit Type Pro Forma: 1580
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $596
  • Unit Type Total Rent: $7,152
  • Unit Type Pro Forma: 1580
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,045
  • Unit Type Total Rent: $12,540
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $846
  • Unit Type Total Rent: $10,152
  • Unit Type Pro Forma: 1580
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,040
  • Unit Type Total Rent: $12,480
  • Unit Type Pro Forma: 1580
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $846
  • Unit Type Total Rent: $10,152
  • Unit Type Pro Forma: 1580
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $846
  • Unit Type Total Rent: $10,152
  • Unit Type Pro Forma: 1580
  • Unit Type Type: 8
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $646
  • Unit Type Total Rent: $7,752
  • Unit Type Pro Forma: 1300
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 10
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1

Property History for 8708 South Central Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8708 South Central Avenue

Taxable ValueLand$267,947Additions$736,877Total$1,004,824
Tax Record2024$14,389 ($1,199 / month)
Home Facts
Total Finished SqFt4,894 SqFtAbove Grade Finished SqFt4,894 SqFtLot Size5,063 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningLAC2CountyLOS ANGELESAPN6043-002-016

Schools near 8708 South Central Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Russell Elementary School
Public - K to 6
Charles Drew Middle School
Public - 7 to 8
Academy For Multiligual Arts And Science At Mervyn M. Dymally High
Public - 9 to 12
KIPP Ignite Academy
Charter - K to 4
Rating
School
Distance
Russell Elementary School
PublicK to 6

Charles Drew Middle School
Public7 to 8

Academy For Multiligual Arts And Science At Mervyn M. Dymally High
Public9 to 12

KIPP Ignite Academy
CharterK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 8708 South Central Avenue, Los Angeles, CA 90002

8708 South Central Avenue is a multi-family home for sale in Los Angeles, CA 90002. This property was listed for sale on May 31, 2024 by EXCELLENCE RE REAL ESTATE, it's currently listed at $1,598,500. It has been on the market for a total of 165 days and was last sold on September 30, 2002. This listing's school district is Los Angeles Unified School District. Nearby schools include Russell Elementary School, Charles Drew Middle School and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 8708 South Central Avenue is a 9-bed, 9-bath, 4,894 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXCELLENCE RE REAL ESTATE, ROBERT SORIANO, DRE #02026298

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.