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8704 S Central Ave, Los Angeles, CA 90002
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8704 S Central Ave Los Angeles, CA 90002

$1,675,000
  • 10 Beds
  • 10 Baths
  • 4,894 Sq.Ft.
For Sale
$1,675,000 Get Pre-Qualified
Map preview of 8704 S Central Ave, Los Angeles, CA 90002

Property Overview: 8704 S Central Ave Los Angeles, CA has 10 bedrooms, 10 bathrooms, 4,894 living square feet and 4,964 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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

Listed by Ronald Perez | BRE #01325218 | Jason Mitchell Real Estate California
Last checked: 11 minutes ago | Last updated: March 19th, 2024 | Source CRMLS | DOM: 56
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Home details

Lot Sq. Ft
4,964
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Apartment
Status
Active
MLS#
PW24030451
City
Los Angeles
County
Los Angeles
Time on Site
64 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
  • # of Leased Units: 10
  • # of Electric Meters: 11
  • # of Gas Meters: 11
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,352
  • Total Rent: $1,352
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,144
  • Total Rent: $1,144
Unit Breakdown 3
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $8,724
  • Total Rent: $8,724
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $134,640
  • Net Operating Income: $106,640
  • Gross Operating Income: --
  • # of Rented Garages: 4
  • Garage Rental Rate: $50
  • Garage Rental Income: $200
Annual Expense Breakdown
  • Total Operating Expense: $28,000
  • Electric: $690
  • Gas/Fuel: $0
  • Trash: $6,600
  • Insurance: $4,036
  • Professional Management: $0
  • Water/Sewer: $5,988

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Property Details for 8704 S Central Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas, Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Vinyl
Interior Features
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Gated Community
Exterior Features
Exterior Information
  • Roof: Flat
  • Has Fence
  • Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Attached Carport, Covered
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 10
  • Parcel Number: 6043002015
  • Year Built Source: Assessor
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is Attached
  • Accessibility Features: None
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Available, See Remarks, Sewer Available, Sewer Connected, Water Available, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments, Unknown
Location / Neighborhood
Location Information
  • Directions: South of Manchester Avenue / Firestone Blvd / North of Century Blvd.
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 8704 S Central Ave

Last sold on August 31st, 2005

  • February, 2024

  • Feb 27, 2024

    Date

    Active

    CRMLS: PW24030451

    $1,675,000

    Price

  • February, 2024

  • Feb 16, 2024

    Date

    Canceled

    CRMLS: PW23016528

    $1,675,000

    Price

  • Feb 1, 2023

    Date

    Active

    CRMLS: PW23016528

    $1,899,900

    Price

  • Listing provided courtesy of CRMLS

    This is a great opportunity to invest in a residential income property that provides a steady and reliable return on investment. The property consists of a mix of 10 units in a two story building. The exterior of the property has recently been updated, allowing for easy maintenance, reduced utility costs and has good potential for appreciation because it is in a high demand rental area. Seller paid over $200k to have Seismic Retrofit work done on the property to meet Los Angeles City code 3 years ago. The property is situated in a desirable neighborhood, close to public transportation, local amenities and minutes from Downtown LA via the 110 Freeway. Next door building 8708 S. Central Ave., LA CA 90002 is also for sale.

  • February, 2024

  • Feb 16, 2024

    Date

    Canceled

    CRMLS: PW23061787

    $1,675,000

    Price

  • Apr 13, 2023

    Date

    Active

    CRMLS: PW23061787

    $1,825,000

    Price

  • Listing provided courtesy of CRMLS

    This is a great opportunity to invest in a residential income property that provides a steady and reliable return on investment. The property consists of a mix of 10 units in a two story building. The exterior of the property has recently been updated, allowing for easy maintenance, reduced utility costs and has good potential for appreciation because it is in a high demand rental area. Seller paid over $200k to have Seismic Retrofit work done on the property to meet Los Angeles City code 3 years ago. The property is situated in a desirable neighborhood, close to public transportation, local amenities and minutes from Downtown LA via the 110 Freeway. Next door building 8708 S. Central Ave., LA CA 90002 is also for sale. Both properties to be sold together.

  • January, 2023

  • Jan 13, 2023

    Date

    Expired

    CRMLS: DW22227416

    $2,100,000

    Price

  • Oct 21, 2022

    Date

    Active

    CRMLS: DW22227416

    $2,100,000

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity in Los Angeles on a fast growing city with new Stadiums, downtown projects, Manchester projects and so many to list. Its a great time to purchase this 10 units or building across is also for sale with 10 units as well. Property went by major remodeling from windows to exterior paint. Located just a few minutes from Art District, Fashion District, Los Angeles Airport, SoFi Stadium, Crypto Arena, Grand Central, Walt Disney Concert Hall and many more. Units are unique and come ready for you to start collecting rents . One unit is 2 bedrooms 1 bathroom, 8 units are 1 bedroom 1 bathroom and another unit is single-unit. Total of 10 units. Rents are low but have capacity for rent adjustments. Enjoy biking days as City Of Los Angeles is bike friendly. Located by 110 freeway & 105 freeway. Close to the710 freeway and easy access to Metro Train and bus lines.

  • August, 2005

  • Aug 31, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2005

  • Jan 14, 2005

    Date

    Sold (Public Records)

    Public Records

    $795,000

    Price

Show More

Tax History for 8704 S Central Ave

Assessed Value (2020): $1,028,493
Year Land Value Improved Value Assessed Value
2020 $501,650 $526,843 $1,028,493

Home Value Compared to the Market

This property vs the competition

8704 S Central Ave is listed 36.73% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $342.26 per/sqft which puts the price per square foot 55.78% lower than the median price per square foot for the city of Los Angeles.

About 8704 S Central Ave

Detailed summary of property

8704 S Central Ave is a apartment located in Los Angeles, CA 90002 and is currently for sale. This apartment offers 10 bedrooms, 10 bathrooms, roughly 4,894 living square feet, and sits on an approximately 4,964 square foot lot. 8704 S Central Ave was first listed on ArdentRealEstateGroup.com on February 27, 2024. The homeowner is currently asking $1,675,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 36.73% higher than the median priced home. Local competing homes currently for sale include 302 W 107th St, 439 W 71st St and 438 E 56th St. While the average home in Los Angeles, CA is selling in 96 days, 8704 S Central Ave has a days on market of 56 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 8704 S Central Ave Los Angeles, CA 90002 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 8704 S Central Ave

Public county record property details
Beds
10
Baths
10
Year built
1955
Sq. Ft.
4,894
Lot Size
4,962
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
100,101
APN
6043-002-015

The source for these homes facts are from public records.

90002 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$589,999
Median List Price/Sq.Ft.
$470
Median Sold Price
$595,000
Median Sold Price/Sq.Ft.
$497
Total Inventory
40
Median Sale to List Price %
101.02%
Avg Days on Market
26
Loan Type
Conventional (50%), FHA (25%), VA (0%), Cash (16.67%), Other (8.33%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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