4214 Avalon Boulevard,
Home For Sale
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 6.38 CAP & 7.1 CAP AS OF OCT 1, 2024 RENT INCREASE. SEE ATTACHED SAPPLEMENTS. $269K PER UNIT & $276 PSF, BELOW REPLACEMENT COST. THE PROPERTY WAS APPRAISED 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 $1,589 ($19,068 ANNUALLY) EFFECTIVE OCT 1, 2024.
Property Details
Additional Information
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- County:
- Los Angeles
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- Zip:
- 90011
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- MLS® #:
- GD24056505
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- Bedrooms:
- 7
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- Lot Size:
- 0.27
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- Neighborhood:
- LOS ANGELES (90011)
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Listing information last updated on August 27th, 2024 at 8:46am PDT.