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8717 S Central Ave, Los Angeles, CA 90002
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8717 S Central Ave Los Angeles, CA 90002

$600,000 Sold Price as of 06/19/2020
  • 16 Beds
  • 16 Baths
  • 2,337 Sq.Ft.
Sold
$600,000 Sold Price as of 06/19/2020 Refinance Your Mortgage
Map preview of 8717 S Central Ave, Los Angeles, CA 90002

Property Overview: 8717 S Central Ave Los Angeles, CA has 16 bedrooms, 16 bathrooms, 2,337 living square feet and 5,995 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Why own 1 when you own 4! This Spanish Style QUADRUPLEX has tremendous upside! Step up and own this incredible opportunity centrally located within walking distance to shops, restaurants, and only a 10 minute to the campus of USC and 15 minutes to Vibrant Downtown LA. This income producing property is a perfect set-up for the 1st time or seasonal buyer interested in having a property that has been serviced properly. New exterior paint to all four units and copper plumbing. Easy freeway access and public transportation and new construction all around.

Listed by Allan Vides | BRE #01784562 | Realty Executives
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 44

Home details

Lot Sq. Ft
5,995
HOA Dues
$0/mo
Year built
1930
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
SR20071001
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $3,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $30,000
  • Net Operating Income: $26,940
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $3,060
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Gardener: $1,020
  • Insurance: $5,000
  • Water/Sewer: $2,040

Virtual Tour

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Property Details for 8717 S Central Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Information
  • Roof: Flat
  • Has Fence
  • Chain Link
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 2-5 Units/Acre, Back Yard, Level with Street, Rectangular Lot, Level, Near Public Transit, Walkstreet, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 6042024004
  • Year Built Source: Assessor
  • Architectural Style: Spanish
  • Foundation Details: Raised
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: From 110 Fwy go east towards Central, then south on Central, on right side.
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 8717 S Central Ave

Last sold for $600,000 on June 19th, 2020

  • June, 2020

  • Jun 22, 2020

    Date

    Sold

    CRMLS: SR20071001

    $600,000

    Price

  • May 24, 2020

    Date

    Pending

    CRMLS: SR20071001

    $599,900

    Price

  • Apr 9, 2020

    Date

    Active

    CRMLS: SR20071001

    $599,900

    Price

  • June, 2020

  • Jun 19, 2020

    Date

    Sold (Public Records)

    Public Records

    $600,000

    Price

  • February, 2020

  • Feb 18, 2020

    Date

    Expired

    CRMLS: 19512312

    $625,000

    Price

  • Dec 16, 2019

    Date

    Price Change

    CRMLS: 19512312

    $625,000

    Price

  • Sep 18, 2019

    Date

    Active

    CRMLS: 19512312

    $650,000

    Price

  • Listing provided courtesy of CRMLS

    Great Fourplex! Courtyard style, 4 individual cottages. Plenty of parking, 2 garages with more spaces in the rear. nice curb appeal. 1 Bed, 1 Bath each. Nice central location, minutes from Downtown, and transportation upside, fantastic opportunity!!! Seller motivated!

  • September, 2019

  • Sep 1, 2019

    Date

    Expired

    CRMLS: 19431414

    $650,000

    Price

  • Jul 19, 2019

    Date

    Withdrawn

    CRMLS: 19431414

    $650,000

    Price

  • May 30, 2019

    Date

    Price Change

    CRMLS: 19431414

    $650,000

    Price

  • Apr 2, 2019

    Date

    Price Change

    CRMLS: 19431414

    $699,000

    Price

  • Feb 25, 2019

    Date

    Price Change

    CRMLS: 19431414

    $750,000

    Price

  • Feb 5, 2019

    Date

    Active

    CRMLS: 19431414

    $799,000

    Price

  • Listing provided courtesy of CRMLS

    Great Fourplex! Courtyard style, 4 individual cottages. Plenty of parking, 2 garages with more spaces in the rear. nice curb appeal. 1 Bed, 1 Bath each. 2 garages. Nice central location, minutes from Downtown, and transportation upside, fantastic opportunity!!! Seller motivated!

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Tax History for 8717 S Central Ave

Assessed Value (2020): $331,498
Year Land Value Improved Value Assessed Value
2020 $234,003 $97,495 $331,498

Home Value Compared to the Market

This property vs the competition

8717 S Central Ave sold on June 19, 2020 for 46.44% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $256.7 per/sqft which puts the price per square foot 64.54% lower than the current median sale per square foot for the city of Los Angeles.

About 8717 S Central Ave

Detailed summary of property

8717 S Central Ave is a multi family that recently sold in Los Angeles, CA 90002. This multi family property offered 16 bedrooms, 16 bathrooms, roughly 2,337 living square feet, and sits on an approximately 5,995 square foot lot. 8717 S Central Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $600,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 46.44% lower than the current median priced home. Local homes that are currently for sale include 1503 E 109th St, 157 W 71 St and 734 E 112th St. While the average home in Los Angeles, CA is selling in 106 days, 8717 S Central Ave has a days on market of 44 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 8717 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 8717 S Central Ave

Public county record property details
Beds
8
Baths
5
Year built
1930
Sq. Ft.
2,337
Lot Size
5,994
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
31
APN
6042-024-004

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
$580,000
Median List Price/Sq.Ft.
$555
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$514
Total Inventory
43
Median Sale to List Price %
103.45%
Avg Days on Market
13
Loan Type
Conventional (50%), FHA (40%), VA (0%), Cash (10%), Other (0%)

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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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