4214 Avalon Boulevard
Los Angeles, CA, 90011
$2,690,000
Beds
0 Baths
SqFt
0.27 Acres
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10 UNIT BUILT 1995. ACROSS FROM KEDREN COMMUNITY AND HEALTH CARE CLINC. THE AREA HAS IMPROVED SUBSTANTIALLY AND CONTINUING TO IMPROVE YEAR BY YEAR. LARGE UNITS WITH 18 TANDEM PARKING. 3 UNITS ARE 15% BELOW MARKET RENTS. RARE VACANCIES. CAPITAL IMPROVEMENTS IN 2023. CURRENTLY 6.38 CAP & 7.1 CAP AS OF NOV 1, 2024 RENT INCREASE. SEE ATTACHED SAPPLEMENTS. $269K PER UNIT & $276 PSF. THE PROPERTY WAS APPRAISED IN 2019 BY MALAGA BANK @ $2.8M WHEN GROSS RENT WAS $208K. PLEASE DO NOT DISTURB THE TENANTS. LISTING AGENT IS THE OWNER. LAUNDRY ROOM HAS W/D HOOK UP READY FOR NEW LAUNDRY MACHINES. RENTS WILL INCREASE BY $1,474 ($17,688 ANNUALLY) EFFECTIVE NOV 1, 2024. THE PROPERTY IS BEING SELF MANAGED.

Property Details

Price:
$2,690,000
MLS #:
GD24056505
Status:
Active
Baths:
0
Address:
4214 Avalon Boulevard
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Mar 20, 2024
State:
CA
ZIP:
90011
Lot Size:
11,960 sqft / 0.27 acres (approx)
Year Built:
1995
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Community Features
Sidewalks
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Features
Assigned, Tandem Uncovered
Parking Spots
18.00
Pool Features
None
Sewer
Sewer Paid
Stories Total
2
View
None
Water Source
Public

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Tenant Pays
Cable T V, Electricity, Gas

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Rover IDX
4214 Avalon Boulevard
Los Angeles, CA