We are pleased to present 4355 S Avalon Blvd, a 6-unit mixed-use property located in the Historic South Central neighborhood of South LA. The property is comprised of 5 apartments (including a fully permitted detached ADU built in 2022) and 1 commercial unit. The building has an excellent unit mix of (1) Studio, (2) 1 Bed, 1 Bath units, (2) 2 bed/1 Bath units, and (1) Commercial unit, currently leased to a market. This rare investment opportunity offers strong cash flow and significant rental upside potential in a central South LA location. 4355 S Avalon Blvd is centrally located just 2.4 miles from USC and 3.5 miles from Downtown with convenient access to the 110 freeway and walkability to Gilbert Lindsay Recreation Center, South Park Recreation Center, and George Washington Carver Middle School.South Los Angeles has seen significant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average 2-bedroom market rents reaching $2,300-$2,600 and Section 8 Voucher Payment Standards rising up to $3,052. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.
Property Details
Price:
$950,000
MLS #:
24391909
Status:
Active
Baths:
0
Address:
4355 S Avalon Boulevard
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
May 14, 2024
State:
CA
ZIP:
90011
Lot Size:
4,620 sqft / 0.11 acres (approx)
Year Built:
1905
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Schools
Interior
Appliances
Gas Range, Range
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Parking Features
None
Parking Spots
2.00
Security Features
Gated Community
Stories Total
2
Financial
Map
Community
- Address4355 S Avalon Boulevard Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90011
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Courtesy of Rosano Partners. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
4355 S Avalon Boulevard
Los Angeles, CA
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