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$ 1,150,000
Est. payment /mo
Active
8018 Avalon Boulevard Los Angeles, CA 90003
5 Beds
1,664 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 1,664 sqft
Price per Sqft $691
MLS Listing ID CL24416211
Bedrooms 5
HOA Y/N No
Year Built 1934
Lot Size 4,002 Sqft
Acres 0.09
Property Sub-Type OTHER
Property Description
Fully Occupied!! 4 Units in Los Angeles! This property has in place rental income of $9569 and still qualifies for favorable 1-4 units loans. The only 4-units on the market with in place income this high yielding an impressive CAP rate of 7.49% - 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!
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Fireplace No
Laundry Dryer, Washer
Exterior
Exterior Feature Back Yard
View Y/N false
View None
Total Parking Spaces 4
Building
Lot Description Back Yard, Landscape Misc
New Construction No
Others
Tax ID 6029008006
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Edmar Costa • Engel & Volkers Beverly Hills