new - 1 day on rocket

8704 S Central Ave, Los Angeles, CA, 90002

$1,599,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

8704 S Central Ave, Los Angeles$1,599,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
Year Built1955
MLS #MB24106529
Lot Size0.11 Acres
StatusActive

About 8704 S Central Ave

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. 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!

Property Details

Property Features

Property Information:

  • Year Built: 1955
  • Stories: 2

Listing Office:

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

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

School Info

Assigned Schools Information:

  • John C. Fremont Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Charles Drew Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Russell Elementary School, Public Magnet Grades KG-6
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

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: $1,599,000

Tax Information:

  • Annual Amount: $14,513
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Los Angeles, CA

City

Med. Sold Price

$995.9K

Med. Price/SqFt

$635

Avg. Days On Market

33

# of Sold Homes

1589

8704 S Central Ave vs Los Angeles

1 DAY ON ROCKET

-32 Days

$1,599,000

+$603K More

KEY TAKEAWAY

This property is $603K 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: #MB24106529

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: 6/2/2024, 5:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 14, 2005Home Sold
$795,000
Oct 17, 2003Home Sold
$495,000
May 22, 2002Home Sold
$20,000
Oct 03, 2001Home Sold
$375,000
Mar 31, 2000Home Sold
$106,500
Nov 08, 1996Home Sold
$145,909
Feb 22, 1995Home Sold
$60,000
Sep 06, 1994Home Sold
$175,000
Jan 07, 1994Home Sold
$165,813

Tax History

YEARPROP. TAXASSESSMENT
2021$14,513$1,039,146
2020$14,105$1,028,383
2019$13,972$1,008,219
2018$11,855$988,451
2017$11,855$820,000

History based on county public records data.

Payment Calculator

$8,048

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,860

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

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.

Elementary School

school-card-donut-7063216
5
/10

  • Russell Elementary School

  • 1263 Firestone Blvd

  • 0.28 miles

  • Public Magnet Grades KG-6

school-card-donut-7063217
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 10.06 miles

  • Public Magnet Grades KG-6

school-card-donut-7063218
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 17.03 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-7063219
2
/10

  • Charles Drew Middle School

  • 8511 Compton Ave

  • 0.47 miles

  • Public Magnet Grades 6-8

school-card-donut-7063220
4
/10

  • Studio

  • 2211 W Avenue 30

  • 10.12 miles

  • Public District Grades 6-8

High School

school-card-donut-7063221
3
/10

  • John C. Fremont Senior High School

  • 7676 S San Pedro St

  • 1.06 miles

  • Public Magnet Grades 9-12

school-card-donut-7063222
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 5.98 miles

  • Public Magnet Grades 9-12

school-card-donut-7063223
7
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 21.34 miles

  • Public Magnet Grades 9-12

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. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8704 S Central Ave

What is the listing price of this property?

The listing price of 8704 S Central Ave property is $1,599,000.

What type of property is this?

The property 8704 S Central Ave is a condo located in Los Angeles, California, 90002.

Is this property for sale now?

Active Listing: 8704 S Central Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 8704 S Central Ave are:
Russell Elementary School: GreatSchools Rating 5/10
Melrose Avenue Elementary School: GreatSchools Rating 9/10
Point Fermin Elementary School: GreatSchools Rating 6/10
Charles Drew Middle School: GreatSchools Rating 2/10
Studio: GreatSchools Rating 4/10
John C. Fremont Senior High School: GreatSchools Rating 3/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $14,513 (source: MLS/based on county public records data).

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

The last sale was on January 14, 2005 for $795,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 8704 S Central Ave is 1955.

Rocket Homes›California›Los Angeles County›Los Angeles›90002›8704 S Central Ave

This home is located at 8704 S Central Ave in Los Angeles, CA and zip code 90002 in the Green Meadows neighborhood. This home, which was built in 1955, sits on a 0.11 acre lot. It has been listed on Rocket Homes since May 31, 2024 and is currently priced at $1,599,000.

While more than 766 listings in Los Angeles, CA in May 2024 were sold above asking price, there were more than 198 listings sold at asking price, and more than 625 were sold below. In May 2024 in Los Angeles, CA there were 15.4% more homes for sale than in April 2024. While the average time on the market in May 2024 was 33 days, the median list price was $995,939.

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

More Resources