4355 South Avalon Boulevard

Los Angeles, CA 90011

$1,100,000
Price
3
Beds
3
Baths
3,521 Sq. Ft.
$312 / Sq. Ft.
3,521
Sq. Ft.
$312
per Sq. Ft.

Description

We are pleased to present 4355 S Avalon Blvd, a 6-unit mixed-use property located in the Historic South Central neighborhood of South LA. The property is comprised of 5 apartments (including a fully permitted detached ADU built in 2022) and 1 commercial unit. The building has an excellent unit mix of (1) Studio, (2) 1 Bed, 1 Bath units, (2) 2 bed/1 Bath units, and (1) Commercial unit, currently leased to a market. This rare investment opportunity offers strong cash flow and significant rental upside...We are pleased to present 4355 S Avalon Blvd, a 6-unit mixed-use property located in the Historic South Central neighborhood of South LA. The property is comprised of 5 apartments (including a fully permitted detached ADU built in 2022) and 1 commercial unit. The building has an excellent unit mix of (1) Studio, (2) 1 Bed, 1 Bath units, (2) 2 bed/1 Bath units, and (1) Commercial unit, currently leased to a market. This rare investment opportunity offers strong cash flow and significant rental upside potential in a central South LA location. 4355 S Avalon Blvd is centrally located just 2.4 miles from USC and 3.5 miles from Downtown with convenient access to the 110 freeway and walkability to Gilbert Lindsay Recreation Center, South Park Recreation Center, and George Washington Carver Middle School. South Los Angeles has seen significant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average 2-bedroom market rents reaching $2,300-$2,600 and Section 8 Voucher Payment Standards rising up to $3,052. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.
  1. Listed by Brandon Evans • DRE #02058494 • Brokerage DRE #01380809 • Rosano Partners

Property Details for 4355 South Avalon Boulevard

Zoning
LAC2
Cross Streets
Avalon Blvd & Vernon Ave
Parcel Number
5113014005
Total Units
6.0
Living Area
3521
Source Living Area
Other
Area
Downtown L.A. (C42)
Vacancy Rate
0

Location

Listing Courtesy of Rosano Partners, Brandon Evans, DRE #02058494
Add your commute
LISTING UPDATED: 05/22/2024 12:01 AM

Property Details for 4355 South Avalon Boulevard

StatusActive
MLS #24-391909
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
Lot Size0.11 AC / 4,620 SF
CountyLos Angeles County

Location

Listing Courtesy of Rosano Partners, Brandon Evans, DRE #02058494
Add your commute

Building Information for 4355 South Avalon Boulevard

Stories2Residences-Year Built1905Building Size-Lot Size0.11 AC / 4,620 SF

Payment Calculator

$6,782 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$779

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4355 South Avalon Boulevard

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 4
  • Type Of Units: Retail & Apt
  • Security Features: Gated
  • Property Condition: Additions/Alter
  • Water: Public
  • Water Heaters: Yes
  • Additions Alterations: Yes
  • Building Permit: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $107,283
  • Net Operating Income: $60,135.00
  • Gross Income: $107,283
  • Cap Rate: 5.47%
  • Gross Rent Multiplier: $10.25
  • Actual Annual Gross Rent: $107,283.00
  • Vacancy Allow Dollar: $3,218.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 43929
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1061
  • Lot Size Square Feet: 4620
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 2
  • Parking Features: None
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven
  • Common Walls: Attached
  • Cooking Appliances: Gas/Electric Range, Range
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Accessory Bldgs
Lease Terms
Lease Terms
  • Entry Date: 05-14-2024
  • Rent Control: Yes
  • Rent Control: 83
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $848.00
  • Unit Actual Rent: $848.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,322.00
  • Unit Actual Rent: $2,643.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,637.00
  • Unit Actual Rent: $3,273.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $349,966.00
  • Assessed Improvement Percent: 47.41
  • Assessed Land Value: $388,243.00
  • Assessed Land Percent: 52.59
  • Assessed Total Value: $738,209.00

Property History for 4355 South Avalon Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4355 South Avalon Boulevard

Taxable ValueLand$388,243Additions$349,966Total$738,209
Tax Record2023$9,345 ($779 / month)
Home Facts
Total Finished SqFt2,918 SqFtAbove Grade Finished SqFt2,918 SqFtStories1Lot Size4,620 SqFtStyleOffice BuildingYear Built1905ZoningLAC2CountyLOS ANGELESAPN5113-014-005

Schools near 4355 South Avalon Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Harmony Elementary School
PublicK to 5

Accelerated School
CharterK to 8

Thomas Jefferson Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4355 South Avalon Boulevard is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on May 14, 2024 by Rosano Partners, it's currently listed at $1,100,000. It has been on the market for a total of 29 days and was last sold on March 22, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Harmony Elementary School, Accelerated School and Social Justice Schools: Fine Arts Academy At Dr. Maya Angelou Community High. 4355 South Avalon Boulevard is a 3-bed, 3-bath, 3,521 sqft multi-family home built in 1905.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Rosano Partners, Brandon Evans, DRE #02058494

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided 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, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.