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… Read More 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! Read Less
Property listed by CENTURY 21 MASTERS, ROBERT SORIANO 562-237-3447
Listing Snapshot
Days Online
129
Last Updated
Property Type
Apartment
Lot Size
0.11 Acres
Year Built
1955
MLS Number
MB24248886
30 Days Snapshot Of 90002
$574k
-11%
(avg) sold price
12
+100%
homes sold
114
+1%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1955, Building area total: 4,894, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Biking, StormDrains, StreetLights, Sidewalks
Expenses
Electric expense: $1,000, Insurance expense: $4,036, Operating expense: $26,000, Trash expense: $6,600, Water sewer expense: $6,000
Income
Gross income: $136,368, Net operating income: $81,255
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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