Fully Occupied!! 4 Units in Los Angeles! This property has in place rental income of $9569 and still qualifies for favorable 1-4 units loans. The only 4-units on the market with in place income this high yielding an impressive CAP rate of 7.49% – 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. 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!
Property Details
Price:
$1,150,000
MLS #:
24416211
Status:
Active
Baths:
0
Address:
8018 Avalon Boulevard
Type:
Residential Income
Neighborhood:
c37metropolitansouth
City:
Los Angeles
Listed Date:
Jul 24, 2024
State:
CA
ZIP:
90003
Lot Size:
4,002 sqft / 0.09 acres (approx)
Year Built:
1934
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Schools
Interior
Appliances
Refrigerator, Electric Cooktop
Fireplace Features
None
Interior Features
Ceiling Fan(s), High Ceilings
Window Features
Double Pane Windows
Exterior
Foundation Details
Raised, Slab
Lot Features
Landscaped, Back Yard
Parking Features
Driveway
Parking Spots
4.00
Pool Features
None
Security Features
Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s), Window Bars
Sewer
Other
Spa Features
None
View
None
Water Source
Public
Financial
Map
Community
- Address8018 Avalon Boulevard Los Angeles CA
- AreaC37 – Metropolitan South
- CityLos Angeles
- CountyLos Angeles
- Zip Code90003
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8018 Avalon Boulevard
Los Angeles, CA
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