8860 S Central Avenue, Los Angeles, CA 90002

About this duplex

INVESTOR’S DREAM in the up-and-coming south Los Angeles neighborhood of Avalon Gardens! Tenants in both units at market rates and C2 zoning with room for expansion, this 4 bedroom, 2 bath property has abundant potential and a current cap rate of 7.23. Such an excellent return on investment! Remodeled in 2018, both units feature laminate wood and tile flooring and newer kitchens and bathrooms. The front unit has 3 bedrooms and 1 bath, with a carport accessible from the alley and the back unit has 1 bedroom and 1 bath. 3 bedroom can be delivered vacant at close, should a buyer prefer it. The property is fully fenced and close to public transport and easy freeway access, with lots of new development in the immediate area. Seller has plans and surveys for a 10-unit expansion and will include those in the sale.

Listing description from the October 2019 sale, as reported to CRMLS.

Sale history

$490,000

Sold October 2019 · listed $499,000, orig. $525,000, on market August 2019 · MLS #PF19208444 · Source: CRMLS

Listing Agent: Jennifer Wenzlaff · Listing Office: Redfin Corporation · Contact: 310-409-2885 · Bought with: Sandra Elyasi · Keller Williams Rlty Brentwood

$450,000

Sold November 2018 · listed $455,000, orig. $474,900, on market May 2018 · MLS #MB18099440 · Source: CRMLS

Listing Agent: XIO SANDOVAL · Listing Office: CENTURY 21 REALTY MASTERS · Contact: 323-722-7300 · Bought with: XIO SANDOVAL · CENTURY 21 REALTY MASTERS

$315,000

Sold March 2018 · listed $320,000, on market January 2018 · MLS #MB18012547 · Source: CRMLS

Listing Agent: RAY DURAN, JR. · Listing Office: L.A. REAL ESTATE NETWORK GROUP · Contact: 323-724-2420 · Bought with: RAY DURAN, JR. · L.A. REAL ESTATE NETWORK GROUP

Explore Los Angeles