5 months on rocket

8708 S Central Ave, Los Angeles, CA, 90002

$1,598,500

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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8708 S Central Ave, Los Angeles$1,598,500

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Garage4 spaces
Year Built1956
HeatingNatural Gas, Wall Furnace
CoolingNone
FireplaceNone
ViewNone
MLS #MB24107071
Lot Size0.12 Acres
StatusActive

About 8708 S Central Ave

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, MLS: MB24106529), 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!

Property Details

Property Features

Property Information:

  • Year Built: 1956
  • Stories: 2

Listing Office:

  • Office Name: EXCELLENCE RE REAL ESTATE
  • Office Phone: (562) 237-3447
  • Listing Agent: ROBERT SORIANO

Interior Features

Interior Information:

  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Garage Space: 4 spaces

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: East on Manchaster, Right on S Central Ave Building on Left hand side

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,598,500

Tax Information:

  • Annual Amount: $13,362
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

8708 S Central Ave vs Los Angeles

173 DAYS ON ROCKET

+135 Days

$1,598,500

+$575K More

KEY TAKEAWAY

This property is $575K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #MB24107071

Listing Office:

  • Office Name: EXCELLENCE RE REAL ESTATE
  • Office Phone: (562) 237-3447
  • Listing Agent: ROBERT SORIANO

IDX Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 4:21:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 30, 2002Home Sold
$392,000
Apr 04, 2002Home Sold
$95,700
Apr 11, 1997Home Sold
$125,000

Tax History

YEARPROP. TAXASSESSMENT
2021$13,362$946,872
2020$12,987$937,164
2019$12,854$918,789
2018$11,786$900,774
2017$11,786$820,000

History based on county public records data.

Payment Calculator

$8,046

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,859

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-353739
5
/10

  • Russell Elementary School

  • 1263 Firestone Blvd

  • 0.28 miles

  • Public District Grades PK-6

school-card-donut-353740
2
/10

  • Kipp Ignite Academy

  • 9110 S Central Ave

  • 0.36 miles

  • Public Charter Grades KG-4

school-card-donut-353741
3
/10

  • South Park Elementary School

  • 8510 Towne Ave

  • 0.60 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,544. The majority of Los Angeles, CA residents have income less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8708 S Central Ave

What is the listing price of this property?

The listing price of 8708 S Central Ave property is $1,598,500.

What type of property is this?

The property 8708 S Central Ave is a condo located in Los Angeles, California, 90002.

Is this property for sale now?

Active Listing: 8708 S Central Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $13,362 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 30, 2002 for $392,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 8708 S Central Ave is 1956.

Rocket Homes›California›Los Angeles County›Los Angeles›90002›8708 S Central Ave

This home is located at 8708 S Central Ave in Los Angeles, CA and zip code 90002 in the Green Meadows neighborhood. This home, which was built in 1956, sits on a 0.12 acre lot. It has been listed on Rocket Homes since June 01, 2024 and is currently priced at $1,598,500.

While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. In October 2024 median list price was $1,023,474 and the average listing age was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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