8018 Avalon Boulevard
Los Angeles, CA, 90003
$1,075,000
Beds
0 Baths
SqFt
0.09 Acres
Add
Exceptional Opportunity: Own 4 Units (Currently 3 Vacant) in Los Angeles! This property is prime for Section 8 rentals with estimated rental income of approximately $10,273 per payment standard, yielding an impressive CAP rate of 8% – 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 one unit has been placed under contract with section 8 and is paying $2,407. Don’t miss this exceptional opportunity to choose your own tenants in a highly sought-after location!

Property Details

Price:
$1,075,000
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
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

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

Similar Listings Nearby

8018 Avalon Boulevard
Los Angeles, CA