$1,150,000
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8018 Avalon Boulevard Los Angeles, CA 90003
Cluster
Residence
5
Beds
4
Baths
...
Bed/Bath
1,664
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 ra...te 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. 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!
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MLS#
24416211
Property Type
Cluster
Bedrooms
5
Bathrooms
Year Built
1934
Square Feet
1,664
sq. ft
Lot Size
0.09
Stories
1.0
Sewer
Other
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