8704 South Central Avenue

Los Angeles, CA 90002

$1,675,000
Price
3
Beds
10
Baths
4,894 Sq. Ft.
$342 / Sq. Ft.
4,894
Sq. Ft.
$342
per Sq. Ft.

Description

2 story building consisting of 10 residential units in high demand area in the city of Los Angeles. The property is a mix of 1 - 2 bed 1 bath, 8- 1 bed 1 bath and 1 studio units. There are 4 single car garages that are individually lease for extra income. Most units have updated windows, updated interiors and individual water heaters. The exterior has recently been updated and seller spent over $200K to complete a seismic retrofit to meet city of Los Angeles retrofit code. This is a great opportunity...2 story building consisting of 10 residential units in high demand area in the city of Los Angeles. The property is a mix of 1 - 2 bed 1 bath, 8- 1 bed 1 bath and 1 studio units. There are 4 single car garages that are individually lease for extra income. Most units have updated windows, updated interiors and individual water heaters. The exterior has recently been updated and seller spent over $200K to complete a seismic retrofit to meet city of Los Angeles retrofit code. This is a great opportunity for the savvy investor due to upside on rents. Located close to public transportation, local amenities and minutes from Downtown Los Angeles. Next door twin building which shares a courtyard with the subject property is also for sale. 2 separate APN's and both properties must be sold together. Next door building address is : 8708 S. Central Avenue MLS #PW24030469. w
  1. Listed by Ronald Perez • DRE #01325218 • Brokerage DRE #01527423 • Jason Mitchell Real Estate California

Property Details for 8704 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

Location

Listing Courtesy of Jason Mitchell Real Estate California, Ronald Perez, DRE #01325218
Add your commute
LISTING UPDATED: 03/19/2024 08:17 AM

Property Details for 8704 South Central Avenue

StatusActive
MLS #PW24030451
Days on Market65
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
CountyLos Angeles County

Location

Listing Courtesy of Jason Mitchell Real Estate California, Ronald Perez, DRE #01325218
Add your commute

Building Information for 8704 South Central Avenue

Building/Complex8704 S Central AveFloor-Stories2Residences-Pet Policy-Year Built1955Building Size-

Payment Calculator

$10,420 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,141

Property Taxes

$1,279

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8704 South Central Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Parking Fee, See Remarks
Income / Expense / Tax Details
Income Details
  • Gross Income: $200
  • Gross Scheduled Income: $134,640
  • Net Operating Income: $106,640
  • Number Of Rented Garages: 4
  • Garage Rental Rate: $50
  • Garage Income: $200
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $28,000
  • Fuel Expense: $0
  • Electric Expense: $690
  • Insurance Expense: $4,036
  • Professional Management Expense: $0
  • Trash Expense: $6,600
  • Water Sewer Expense: $5,988
  • Total Expenses: $28,000
Tax / Assessment Info
  • Tax Tract Number: 7421
  • Tax Census Tract: 2400.10
  • CFD/Mello-Roos Fee: $2,383
  • Tax Lot: 101
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Special Assessments, Unknown
  • Community Features: Urban
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
  • Flooring: Carpet, Vinyl
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Gated Community
  • Security: Gated Community
  • Roof: Flat
  • Entry Location: 1st floor
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Wrought Iron
  • Foundation Details: Slab
  • Property Condition: Updated/Remodeled
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Available, See Remarks, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage Spaces: 0
  • Carport Spaces: 4
  • Parking Features: Attached Carport, Covered
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,144
  • Unit Type Total Rent: $1,144
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,352
  • Unit Type Total Rent: $1,352
  • Unit Type Pro Forma: 0
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $8,724
  • Unit Type Total Rent: $8,724
  • Unit Type Pro Forma: 0
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 10
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1

Property History for 8704 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 8704 South Central Avenue

Taxable ValueLand$527,322Additions$553,798Total$1,081,120
Tax Record2023$15,350 ($1,279 / month)
Home Facts
Total Finished SqFt4,894 SqFtAbove Grade Finished SqFt4,894 SqFtLot Size4,962 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningLAC2CountyLOS ANGELESAPN6043-002-015

Schools near 8704 South Central Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 4
Rating
School
Distance
Russell Elementary School
PublicK to 6

Charles Drew Middle School
Public7 to 8

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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8704 South Central Avenue is a multi-family home for sale in Los Angeles, CA 90002. This property was listed for sale on February 26, 2024 by Jason Mitchell Real Estate California, it's currently listed at $1,675,000. It has been on the market for a total of 65 days and was last sold on January 14, 2005. 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. 8704 South Central Avenue is a 3-bed, 10-bath, 4,894 sqft multi-family home built in 1955.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Jason Mitchell Real Estate California, Ronald Perez, DRE #01325218

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.