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8708 S Central Ave
Los Angeles, CA 90002
Multifamily Property For Sale
·
10 Units
Investment Highlights
- Close to Public Transportation
- High Demand Area, Attracting Quality Tenants
- Local Amenities & Minutes from Downtown LA
Executive Summary
Stunning Investment Opportunity - Prime LA
Attention Investors! Discover an exceptional investment opportunity with two 2-story buildings, each housing 10 highly sought-after residential units in the heart of Los Angeles!
Two Buildings Priced at $1,499,000 Each
* 8708 S Central Ave, Los Angeles, CA 90002
* 8704 S Central Ave, Los Angeles, CA 90002
Property Highlights for Each Building:
* 1 unit: 2 bed, 1 bath
* 8 units: 1 bed, 1 bath
* 1 unit: Studio
* 5 single-car garages for extra income
* Updated windows & interiors in most units
* Individual water heaters
* Recent $200K seismic retrofit to meet LA city codes
Prime Location:
* Close to public transportation
* Local amenities & minutes from Downtown LA
* High demand area, attracting quality tenants
Investor’s Dream:
* Significant upside on rents
* Next-door twin building also for sale!
* Must be sold together - Two separate APNs
* Seller is willing to do a seller carry back with the right offer
MLS Links and Photos for Both Units:
* 8708 S Central Ave https://m.prspcts.co/WS2QVhrA8j3LxQhJA
* 8704 S Central Ave. https://m.prspcts.co/pDUsAt1QtPw1Qqjv5
Attention Investors! Discover an exceptional investment opportunity with two 2-story buildings, each housing 10 highly sought-after residential units in the heart of Los Angeles!
Two Buildings Priced at $1,499,000 Each
* 8708 S Central Ave, Los Angeles, CA 90002
* 8704 S Central Ave, Los Angeles, CA 90002
Property Highlights for Each Building:
* 1 unit: 2 bed, 1 bath
* 8 units: 1 bed, 1 bath
* 1 unit: Studio
* 5 single-car garages for extra income
* Updated windows & interiors in most units
* Individual water heaters
* Recent $200K seismic retrofit to meet LA city codes
Prime Location:
* Close to public transportation
* Local amenities & minutes from Downtown LA
* High demand area, attracting quality tenants
Investor’s Dream:
* Significant upside on rents
* Next-door twin building also for sale!
* Must be sold together - Two separate APNs
* Seller is willing to do a seller carry back with the right offer
MLS Links and Photos for Both Units:
* 8708 S Central Ave https://m.prspcts.co/WS2QVhrA8j3LxQhJA
* 8704 S Central Ave. https://m.prspcts.co/pDUsAt1QtPw1Qqjv5
Property Facts
| Price Per Unit | $203,414 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.40% | Building Size | 6,585 SF |
| No. Units | 10 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1956 |
| Apartment Style | Low-Rise | Parking Ratio | 0.5/1,000 SF |
| Zoning | C2-1, Los Angeles - Commercial | ||
| Price Per Unit | $203,414 CAD |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 6,585 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.5/1,000 SF |
| Zoning | C2-1, Los Angeles - Commercial |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 8 | - | - |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Number | 6043-002-016 | Improvements Assessment | $1,027,494 CAD |
| Land Assessment | $373,622 CAD | Total Assessment | $1,401,116 CAD |
Property Taxes
Parcel Number
6043-002-016
Land Assessment
$373,622 CAD
Improvements Assessment
$1,027,494 CAD
Total Assessment
$1,401,116 CAD
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