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$1,598,500

Beds
Unknown
sq ft
Unknown

8708 S Central Ave, Los Angeles, CA 90002

8708 S Central Ave

Los Angeles, CA 90002

  • 11 days on market
Introducing a prime investment opportunity in Los Angeles: a two-story building with 10 desirable units. This property includes a spacious 2-bed, 1-bath unit, eight 1-bed, 1-bath units, and a cozy studio. Four single-car garages offer additional income potential. The building features vibrant paint, updated windows, and many refreshed interiors with individual water heaters. Recently, the seller invested over $200K in a seismic retrofit to meet Los Angeles standards. This property, along with a twin building next door (8704 S. Central Ave), is ideal for investors looking for rental upside. Both buildings, on separate APNs, are sold together. The seller is open to a carryback offer. Minutes from Downtown LA and close to transit and amenities, this opportunity is perfect for the savvy investor!

Details

Property type

Apartment

Lot size

5,063 sq ft

Price per sq ft

Unknown

Year built

1956

Price History

12/12/2024
CRMLS

CRMLS #MB24248904

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

CRMLS #MB24107071

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

CRMLS #MB24107071

Price change
$1,598,500
-0.03%

Schools & Community

Neighborhood: 

Southeast Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, 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

$675,000

Est. remaining balance

Not provided

Interest rate

3.39%

Loan type

Commercial

Seller

Jose Rosalio Torres and Jose R 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 6:05 PM

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

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

MLS: CRMLS #MB24248904

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