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8708 S Central Avenue, Los Angeles, California 90002, Los Angeles, 90002 - 10 bed, 10 bath

8708 S Central Avenue, Los Angeles, California 90002 home-pic-0
ACTIVE$1,500,000
8708 S Central Avenue, Los Angeles, California 90002
10Beds
10Baths
4,894Sqft
5,063Lot
Year Built
1956
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$306
HOA
-
Days on market
-
Sold On
-
MLS number
MB25141260
Home ConditionPoor
Features
ViewCity Lights

About this home

We found 3 Cons,5 Pros.

Incredible Investment Opportunity – Two 10-Unit Apartment Buildings on Central Ave! Welcome to 8708 S Central Ave, a well-maintained 10-unit apartment building located in the heart of Los Angeles. This property is being sold together with its sister building at 8704 S Central Ave MLS: MB25141266, offering a rare opportunity to own 20 total units side by side. Each building features 10 spacious units (10 beds / 10 baths per building), making this an ideal acquisition for investors seeking strong rental income and long-term upside. The buildings are situated in a high-demand rental area with consistent tenant occupancy. For full financials, including rent rolls and operating expenses, please refer to the listing for 8704 S Central Ave. Whether you're expanding your portfolio or entering the multifamily market, this package offers value, scale, and potential. Don’t miss out on this rare side-by-side asset sale! 8708 & 8704 S Central Ave, Los Angeles, CA 90002, Please see rent rolls in suplements

Price History

Date
Event
Price
09/30/02
Sold
$392,000
04/11/97
Sold
$125,000
Condition Rating
Poor
Built in 1956, this property is nearly 70 years old. While the exterior appears maintained, the listing explicitly notes 'Age of Property & Potential for Deferred Maintenance' and 'Unit Modernization Potential,' indicating that major systems (plumbing, electrical, HVAC) and interior components (kitchens, bathrooms) likely require substantial upgrades and rehabilitation. The absence of interior photos further suggests that these areas are not a selling point and are likely very outdated, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Significant Investment Opportunity: This offering includes two adjacent 10-unit apartment buildings, totaling 20 units, providing a substantial portfolio expansion opportunity for investors.
High-Demand Rental Market: Located in Los Angeles, a robust rental market, the property benefits from consistent tenant occupancy, ensuring stable income streams.
Economies of Scale: Owning two side-by-side 10-unit buildings allows for efficient management, maintenance, and potential cost savings across 20 units.
Strong Rental Income & Long-Term Upside: The property is positioned for strong rental income generation and offers significant long-term appreciation potential in the Los Angeles market.
Well-Maintained Property: Described as 'well-maintained,' suggesting a solid operational foundation for an older building, potentially reducing immediate capital expenditure needs.

Cons

Age of Property & Potential for Deferred Maintenance: Built in 1956, the buildings are nearly 70 years old, which may necessitate significant capital expenditures for systems upgrades (plumbing, electrical, HVAC) and structural components in the near future.
Financials Require Cross-Referencing: Full financial details, including rent rolls and operating expenses, are not directly provided in this listing and require referring to a separate MLS listing (8704 S Central Ave), adding an extra step to due diligence.
Unit Modernization Potential: Despite being 'well-maintained,' the age of the property suggests that individual units may require substantial modernization to maximize rental income and attract higher-paying tenants in a competitive Los Angeles market.

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