4214 Avalon Boulevard, Los Angeles, CA 90011 (MLS # GD24056505)

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PRICE $2,865,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 9,746 sqft
LOT SIZE 11,962 sqft

10 UNIT BUILT 1995. ACROSS FROM KEDREN COMMUNITY AND HEALTH CARE CLINC. THE AREA HAS IMPROVED SUBSTANTIALLY AND CONTINUING TO IMPROVE YEAR BY YEAR. LARGE UNITS WITH 18 TANDEM PARKING. 3 UNITS ARE 15% BELOW MARKET RENTS. RARE VACANCIES. CAPITAL IMPROVEMENTS IN 2023. CURRENTLY 5.92 CAP & 6.58 CAP AS OF OCT 1, 2024 RENT INCREASE. SEE ATTACHED SAPPLEMENTS. $286K PER UNIT & $294 PSF, BELOW REPLACEMENT COST. IN 2019, THE PROPERTY WAS APPRAISED BY IN 2019 BY MALAGA BANK @ $2.8M WHEN GROSS RENT WAS $208K. PLEASE DO NOT DISTURB THE TENANTS. LISTING AGENT IS THE OWNER. LAUNDRY ROOM HAS W/D HOOK UP READY FOR NEW LAUNDRY MACHINES. RENTS WILL INCREASE BY $1,624 ($19,488 ANNUALLY) EFFECTIVE OCT 1, 2024.

DAYS ON MARKET 85 LAST UPDATED 6/18/2024
YEAR BUILT 1995 COMMUNITY Downtown L.A.
COUNTY Los Angeles STATUS Conditional
PROPERTY TYPE(S) Residential Income

PRICE HISTORY
Prior to May 8, '24 $2,899,000
May 8, '24 - Today $2,865,000


ADDITIONAL DETAILS
AREA Downtown L.A.
BUYER'S BROKERAGE COMPENSATION
GARAGE Assigned, Tandem, Uncovered
LOT 0.27 acre(s)
LOT DESCRIPTION 0-1 Unit/Acre
PARKING Assigned,Tandem,Uncovered
POOL DESCRIPTION None
SEWER Sewer Tap Paid
STORIES 2
VIEW DESCRIPTION None
WATER Public
ZONING LAC2
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Coldwell Banker Hallmark

Based on information from CRMLS as of 6/24/24 7:20 PM PDT. The information being provided by CRMLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

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This IDX solution is (c) Diverse Solutions 2024.