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8018 Avalon Boulevard

Los Angeles (City), CA 90003
  • $1,075,000
  • STATUS: Active
  • ON SITE: 104 Days
  • ID#: 24416211
UPDATED: 54 min ago
$1,075,000
  • 5
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,664
    SQFT
  • $646
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1934
County:

School Ratings & Info

School District:
Listing Agent(s): Edmar Costa of Engel & Volkers Beverly Hills (310-777-7510)


Description

Back on the Market Buyer failed to performance...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 $10,273 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 Three units 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!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-06T18:33:57.327. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
www.cfc-realty.com/homes/152911381
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8018 Avalon Boulevard Los Angeles (City), CA 90003

  • Price: $1,075,000
  • Status: Active
  • On Site: 104 Days
  • Updated: 54 min ago
  • ID#: 24416211
5
Beds
0
Baths
0
½ Baths
0.09
Acres
1,664
SQFT
$646
$/SQFT
1934
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
School District:
Los Angeles Unified
Property Description
Back on the Market Buyer failed to performance...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 $10,273 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 Three units 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!
Exterior Features

Architectural Style Spanish Construction Materials Stucco Direction Faces West Entry Location Living Room Foundation Details RaisedSlab Lot Features Back YardLandscaped Parking Features Driveway Parking Total 4 Patio And Porch Features None Pool Features None Pool Private YN No Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Electric CooktopRefrigeratorDryerWasher Fireplace Features None Fireplace YN No Interior Features Ceiling Fan(s)High Ceilings Window Features Double Pane Windows

Property Features

Additional Parcels YN No Association YN No Buyer Financing CashConventionalFHA Cap Rate 8 Gross Income 123276 Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalFHA Net Operating Income 86293.2 New Construction YN No Possession Close Of Escrow Property Condition Updated/Remodeled Rent Control YN Yes Security Features Carbon Monoxide Detector(s)Fire Sprinkler SystemSmoke Detector(s)Window Bars Senior Community YN No Sewer Other Special Listing Conditions Standard Vacancy Allowance Rate 25 Water Source Public Zoning LAC2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-06T18:33:57.327. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
 
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CFC Realty, Inc
931 Pueblo Drive
Lake Havasu City AZ, 86406
Listing Agent(s): Edmar Costa of Engel & Volkers Beverly Hills (310-777-7510)