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$1,598,500

Beds
Unknown
sq ft
Unknown

8704 S Central Ave, Los Angeles, CA 90002

8704 S Central Ave

Los Angeles, CA 90002

  • 11 days on market
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!

Details

Property type

Apartment

Est. home value

$1,445,534

Lot size

4,964 sq ft

Price per sq ft

Unknown

Year built

1955

Price History

12/12/2024
CRMLS

CRMLS #MB24248886

Listed
$1,598,500
12/05/2024
CRMLS

CRMLS #MB24106529

Removed
$1,598,500
08/13/2024
CRMLS

CRMLS #MB24106529

Price change
$1,598,500
-0.03%

Schools & Community

Neighborhood: 

Southeast Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

East West Bank

Loan start date

January 2020

Original loan amount

$710,000

Est. remaining balance

Not provided

Interest rate

3.39%

Loan type

Commercial

Seller

Jose Rosalio Torres and Jose Torres

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 5:35 PM

Listing updated: 12/13/2024 at 11:25 AM

Listed by: ROBERT SORIANO, CENTURY 21 MASTERS Phone #: (800) 463-0977

MLS: CRMLS #MB24248886

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