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$ 985,000
Est. payment /mo
Price Dropped by $90K
7500 Avalon Los Angeles, CA 90003
5,510 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26068180
HOA Y/N No
Year Built 1957
Lot Size 5,510 Sqft
Property Sub-Type Mixed Use
Property Description
7500 Avalon Blvd is an 8-unit apartment property comprised entirely of 2-bedroom / 1-bath units, offered at $985,000, or $123,125 per unit and $216 per square foot. The property currently operates at a 5.33% cap rate and 9.57 GRM, with scheduled gross income of $102,885 and current NOI of $52,470.
The property offers immediate cash flow with a clean all-2-bedroom unit mix and substantial rental upside. Buyers benefit from an attractive entry basis while acquiring a straightforward value-add opportunity through unit turnover, strategic renovations, and improved management. This is a simple, efficiently operated 8-unit investment with strong in-place income and long-term appreciation potential.
The property offers immediate cash flow with a clean all-2-bedroom unit mix and substantial rental upside. Buyers benefit from an attractive entry basis while acquiring a straightforward value-add opportunity through unit turnover, strategic renovations, and improved management. This is a simple, efficiently operated 8-unit investment with strong in-place income and long-term appreciation potential.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Interior
Fireplace No
Laundry None
Exterior
Parking Features One Space
Pool None
Community Features Storm Drain(s), Street Lights, Sidewalks, Urban
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Private
New Construction No
Others
Senior Community No
Tax ID 6023016006
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Virtual Tour https://www.youtube.com/watch?v=ILXd7mnRYaQ
Listed by Alexandro Colombo Keller Williams Coastal Prop. 310-978-7950, DRE #01927702