Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    8704 Central Avenue, Los Angeles, CA 90002
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    8704 Central Avenue
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    • MLS#: MB24106529 ( Apartment )
    • Street Address: 8704 Central Avenue
    • Viewed: 7
    • Price: $1,598,500
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1955
    • Bldg sqft: 0
    • Days On Market: 263
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90002
    • Provided by: EXCELLENCE RE REAL ESTATE
    • Contact: ROBERT ROBERT
    • DMCA Notice
    • Description
      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 MLS: MB24107071. The seller is willing to negotiate a carryback offer. On the market and waiting for the smart investor looking to add two standout properties to their portfolio, dont miss out on this incredible investment opportunity!
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    Features
    Building Area Total
    1. 4894.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Country
    1. US
    Days On Market
    1. 168
    Electric Expense
    1. 1000.00
    Fuel Expense
    1. 0.00
    Garage Spaces
    1. 0.00
    Insurance Expense
    1. 4036.00
    Laundry Features
    1. None
    Laundry Income
    1. 0.00
    Levels
    1. Two
    Lockboxtype
    1. None
    Lot Features
    1. 0-1 Unit/Acre
    Netoperatingincome
    1. 81255.00
    Number Of Separate Electric Meters
    1. 10
    Number Of Separate Gas Meters
    1. 10
    Otherincome1
    1. 4800.00
    Otherincomedescription
    1. car spaces
    Parcel Number
    1. 6043002015
    Pool Features
    1. None
    Postalcodeplus4
    1. 1116
    Professionalmanagementexpense
    1. 0.00
    Property Type
    1. Apartment
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 415541457:CRM
    Tenant Pays
    1. All Utilities
    2. Electricity
    3. Gas
    4. Parking Fee
    5. Telephone
    Totalactualrent
    1. 10964.00
    Totalexpenses
    1. 26000.00
    Trash Expense
    1. 6600.00
    Water Sewer Expense
    1. 6000.00
    Water Source
    1. Public
    Year Built
    1. 1955
    Year Built Source
    1. Assessor
    Zoning
    1. LAC2
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836