Homes for sale - 8018 Avalon Blvd, Los Angeles, CA 90003

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Naomi Kalkanoff

naomi.kalkanoff@engelvoelkers.com +1(310) 418-8546

$ 1,150,000

Est. payment -/mo

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Active

8018 Avalon Blvd Los Angeles, CA 90003

5 Beds

4 Baths

1,664 SqFt

UPDATED:

12/05/2024 08:03 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,664 sqft

Price per Sqft $691

MLS Listing ID 24-416211

Style Spanish

Bedrooms 5

Construction Status Updated/Remodeled

Year Built 1934

Lot Size 4,002 Sqft

Acres 0.0919

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 Metropolitan South

Zoning LAC2

Rooms

Other Rooms None

Kitchen Quartz Counters

Interior

Interior Features High Ceilings (9 Feet+), Turnkey

Heating Other

Cooling Ceiling Fan, Air Conditioning

Flooring Wood Laminate

Fireplaces Type None

Equipment Dryer, Electric Dryer Hookup, Ceiling Fan, Gas Dryer Hookup, Hood Fan, Washer, Refrigerator, Range/Oven

Laundry In Living Room, Laundry Area

Exterior

Parking Features Driveway

Garage Spaces 4.0

Pool None

Waterfront Description None

View Y/N No

View None

Roof Type Flat

Building

Lot Description Landscaped, Back Yard, Fenced Yard

Foundation Raised, Slab

Sewer In Street

Water District, In Street

Architectural Style Spanish

Level or Stories One

Structure Type Stucco

Construction Status Updated/Remodeled

Schools

School District Los Angeles Unified

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Engel & Volkers Beverly Hills

Naomi Kalkanoff

Agent

+1(310) 418-8546

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