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8860 S Central Ave, Los Angeles, CA 90002
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8860 S Central Ave Los Angeles, CA 90002

$490,000 Sold Price as of 10/25/2019
  • 4 Beds
  • 2 Baths
  • 1,494 Sq.Ft.
Sold
$490,000 Sold Price as of 10/25/2019 Refinance Your Mortgage
Map preview of 8860 S Central Ave, Los Angeles, CA 90002

Property Overview: 8860 S Central Ave Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,494 living square feet and 4,045 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: INVESTOR’S DREAM in the up-and-coming south Los Angeles neighborhood of Avalon Gardens! Tenants in both units at market rates and C2 zoning with room for expansion, this 4 bedroom, 2 bath property has abundant potential and a current cap rate of 7.23. Such an excellent return on investment! Remodeled in 2018, both units feature laminate wood and tile flooring and newer kitchens and bathrooms. The front unit has 3 bedrooms and 1 bath, with a carport accessible from the alley and the back unit has 1 bedroom and 1 bath. 3 bedroom can be delivered vacant at close, should a buyer prefer it. The property is fully fenced and close to public transport and easy freeway access, with lots of new development in the immediate area. Seller has plans and surveys for a 10-unit expansion and will include those in the sale.

Listed by Jennifer Wenzlaff | BRE #01893083 | Redfin Corporation
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 38

Home details

Lot Sq. Ft
4,045
HOA Dues
$0/mo
Year built
1939
Garage
--
Property Type:
Duplex
Status
Sold
MLS#
PF19208444
City
Los Angeles
County
Los Angeles
Time on Site
1270 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,565
  • Total Rent: $1,565
  • Pro Forma/Market Rent: $1,565
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $4,165
  • Net Operating Income: $49,980
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $3,672
  • New Taxes: $6,562
  • Trash: $300
  • Insurance: $696
  • Water/Sewer: $720

Virtual Tour

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Property Details for 8860 S Central Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • In Kitchen
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Kitchen, Living Room
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 6043005016
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Located on Central between 88th and 89th.
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 8860 S Central Ave

Last sold for $490,000 on October 25th, 2019

  • October, 2019

  • Oct 25, 2019

    Date

    Sold

    CRMLS: PF19208444

    $490,000

    Price

  • Oct 18, 2019

    Date

    Pending

    CRMLS: PF19208444

    $499,000

    Price

  • Oct 10, 2019

    Date

    Active Under Contract

    CRMLS: PF19208444

    $499,000

    Price

  • Oct 1, 2019

    Date

    Price Change

    CRMLS: PF19208444

    $499,000

    Price

  • Sep 3, 2019

    Date

    Active

    CRMLS: PF19208444

    $525,000

    Price

  • October, 2019

  • Oct 25, 2019

    Date

    Sold (Public Records)

    Public Records

    $490,000

    Price

  • August, 2019

  • Aug 30, 2019

    Date

    Active

    CRMLS: PF19207587

    $525,000

    Price

  • Listing provided courtesy of CRMLS

    INVESTOR’S DREAM in the up-and-coming south Los Angeles neighborhood of Avalon Gardens! Tenants in both units at market rates and C2 zoning with room for expansion, this 4 bedroom, 2 bath property has abundant potential and a current cap rate of 7.23. Such an excellent return on investment! Remodeled in 2018, both units feature laminate wood and tile flooring and newer kitchens and bathrooms. The front unit has 3 bedrooms and 1 bath and the back unit has 1 bedroom and 1 bath with a carport accessible from the alley. The property is fully fenced and close to public transport and easy freeway access, with lots of new development in the immediate area. Seller has plans and surveys for a 10-unit expansion and will include those in the sale.

  • November, 2018

  • Nov 6, 2018

    Date

    Sold

    CRMLS: MB18099440

    $450,000

    Price

  • Oct 4, 2018

    Date

    Pending

    CRMLS: MB18099440

    $455,000

    Price

  • Aug 8, 2018

    Date

    Active Under Contract

    CRMLS: MB18099440

    $455,000

    Price

  • Aug 1, 2018

    Date

    Price Change

    CRMLS: MB18099440

    $455,000

    Price

  • Jul 16, 2018

    Date

    Price Change

    CRMLS: MB18099440

    $464,000

    Price

  • May 8, 2018

    Date

    Active

    CRMLS: MB18099440

    $474,900

    Price

  • Listing provided courtesy of CRMLS

    2 VACANT UNITS C2 ZONING/FHA , VA , CONVENTIONAL READY ~ 2 DETACHED UNITS ~ Live in one unit and rent the other, it cannot get any better than this! Property is in MOVE IN condition featuring new wood laminate and tile flooring, new kitchens and new bathrooms with new fixtures, etc.....too much to list! Front unit has 2 bedrooms 1 bath and back unit has 1 bedroom 1 bath with an attached carport that provides direct alley access parking! This property is excellent for first time buyers who are looking for the perfect investment! This income producing property is situated in a prime emerging location near schools, new developments, restaurants and shops! Do not miss out on this opportunity- Act Now!

  • November, 2018

  • Nov 5, 2018

    Date

    Sold (Public Records)

    Public Records

    $450,000

    Price

  • March, 2018

  • Mar 2, 2018

    Date

    Sold

    CRMLS: MB18012547

    $315,000

    Price

  • Jan 26, 2018

    Date

    Pending

    CRMLS: MB18012547

    $320,000

    Price

  • Jan 18, 2018

    Date

    Active

    CRMLS: MB18012547

    $320,000

    Price

  • Listing provided courtesy of CRMLS

    Great investor opportunity! Two Units. Front unit has 2 bedrooms, 1 bonus room, 1 bath. Rear unit has 1 bedroom and 1 bath. Buyers are to verify entire condition and all information on this property on their own and must satisfy themselves as to all aspects of this property. Information deemed reliable but not guaranteed.

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Tax History for 8860 S Central Ave

Assessed Value (2020): $490,000
Year Land Value Improved Value Assessed Value
2020 $270,000 $220,000 $490,000

Home Value Compared to the Market

This property vs the competition

8860 S Central Ave sold on October 25, 2019 for 60.83% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $334 per/sqft which puts the price per square foot 57.77% lower than the current median sale per square foot for the city of Los Angeles.

About 8860 S Central Ave

Detailed summary of property

8860 S Central Ave is a duplex that recently sold in Los Angeles, CA 90002. This duplex offered 4 bedrooms, 2 bathrooms, roughly 1,494 living square feet, and sits on an approximately 4,045 square foot lot. 8860 S Central Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $490,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 60.83% lower than the current median priced home. Local homes that are currently for sale include 4158 N E St, 134 W 60th St and 2103 Michigan Ave. While the average home in Los Angeles, CA is selling in 100 days, 8860 S Central Ave has a days on market of 38 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 8860 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 8860 S Central Ave

Public county record property details
Beds
4
Baths
2
Year built
1939
Sq. Ft.
1,194
Lot Size
4,045
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
302
APN
6043-005-016

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.
$485
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$551
Total Inventory
40
Median Sale to List Price %
103.45%
Avg Days on Market
14
Loan Type
Conventional (12.5%), FHA (75%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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