8704 Central AveLos Angeles, CA 90002

This exceptional investment opportunity presents two adjacent apartment buildings located at 8704 and 8708 S Central Ave, Los Angeles, CA 90002. The property comprises a total of ten units: two spacious two-bedroom apartments, eight well-designed one-bedroom apartments, and a studio unit. Each building boasts its own Assessor's Parcel Number (APN). Recent upgrades significantly enhance the property's value and appeal. These improvements include a fresh coat of paint, newly installed windows, and refreshed interiors in many units. Individual water heaters in several units provide modern convenience. A substantial investment exceeding $200,000 has been made in a seismic retrofit, ensuring compliance with Los Angeles city standards and enhancing the long-term value of the property. The exterior has undergone a complete upgrade, resulting in increased curb appeal and attracting high-quality tenants. The strategic location near public transportation, local amenities, and minutes from Downtown LA positions this property for strong rental growth. This multifamily complex offers a compelling return on investment, with projected cap rates of 6.4% and 5.2% for 8704 and 8708 S Central Ave respectively. A partial carryback financing option is available to facilitate a smooth acquisition process. This is a rare chance to acquire a well-maintained, high-demand multifamily property in a prime Los Angeles location. The asking price for this lucrative investment is $1,598,500.