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$1,598,500 USD
8704 S Central Avenue
Los Angeles, California 90002
USA
Los Angeles, California 90002
USA
Commercial for Sale, Other Commercial Property
Land size: 0.045 ha ::
0.11 acres
Sale price per sqm: 0
Remarks:
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!
Features:
- Year Built: 1955
- Area amenities: Bike Trail
- Utilities: Municipal Water, Public Sewer
- Lot Description: Sidewalks
Location:
8704 S Central Avenue, Los Angeles, California 90002, USA
Listed By CENTURY 21 Masters
The Commercial for Sale, Other Commercial Property located at 8704 S Central Avenue, Los Angeles, California 90002, USA is currently for sale. 8704 S Central Avenue, Los Angeles, California 90002, USA is listed for $1,598,500 USD. If the property located at 8704 S Central Avenue, Los Angeles, California 90002, USA isn't what you're looking for, search California Real Estate to see other Commercial For Sale in Los Angeles.