8018 Avalon BLVD Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90003
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,664 sqft
Price per Sqft $691
MLS Listing ID 24416211
Bedrooms 5
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1934
Lot Size 4,003 Sqft
Property Description
Back on the Market Buyer failed to perform...Exceptional Opportunity: Own 4 Units (Currently 1 Vacant) in Los Angeles! This property is prime for Section 8 rentals with estimated rental income of approximately $10,214 per in place income + payment standard for 2bd unit, yielding an impressive CAP rate of 7.9% - a rarity in today's market! Property features brand new roofs, new windows, stylish new kitchen cabinets, and elegant quartz countertops. The front two units offer high ceilings creating a loft-like atmosphere, and built-in laundry hook ups, while the back units benefit from a convenient community laundry space. All units come equipped with new tankless water heaters, stoves, refrigerators, microwaves and mini-split AC/heating systems. Upgrades include new electrical systems and 400 amp panels, and 100% new pex plumbing and state of the art fire sprinkler system (insurance carriers love). All units individually metered for gas and electric. With all units currently vacant great opportunity for buyer to vet their own tenants and have a passive rent generating machine with no headaches or maintenance calls. The seller is also pursuing Section 8 rental approval, allowing for the potential of selling with tenants already in place. At this time Three units has been placed under contract with section 8 and is paying. Don't miss this exceptional opportunity to choose your own tenants in a highly sought-after location!
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAC2
Interior
Interior Features Ceiling Fan(s),High Ceilings
Fireplaces Type None
Fireplace No
Appliance Electric Cooktop,Refrigerator,Dryer,Washer
Exterior
Parking Features Driveway
Pool None
View Y/N No
View None
Porch None
Total Parking Spaces 4
Private Pool No
Building
Lot Description Back Yard,Landscaped
Faces West
Entry Level One
Foundation Raised,Slab
Sewer Other
Water Public
Architectural Style Spanish
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 6029008006
Security Features Carbon Monoxide Detector(s),Fire Sprinkler System,Smoke Detector(s),Window Bars
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard