8018 Avalon Boulevard
$1,150,000
5
4
1,664
1,664
$691
Description
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 rate 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...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 rate 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. With all units currently vacant great opportunity for buyer to vet their own tenants and have a passive rent generating machine with no headaches or maintenance calls. 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!
- Listed by Edmar Costa • DRE #01474018 • Brokerage DRE #01095341 • Engel & Volkers Beverly Hills
Property Details for 8018 Avalon Boulevard
Water Front
None
ZoningLAC2
StyleSpanish
Cross StreetsManchester Ave. and Avalon Blvd
Parcel Number6029008006
Total Units4.0
Living Area1664
Source Living AreaAssessor
LISTING UPDATED: 12/05/2024 01:03 PM
Property Details for 8018 Avalon Boulevard
Status | Active |
---|---|
MLS # | 24-416211 |
Days on Market | 150 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1934 |
Lot Size | 0.09 AC / 4,002 SF |
County | Los Angeles County |
Building Information for 8018 Avalon Boulevard
Stories-Residences-Year Built1934Building Size-Lot Size0.09 AC / 4,002 SF
Property Information for 8018 Avalon Boulevard
Property History for 8018 Avalon Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 8018 Avalon Boulevard
Taxable ValueLand$500,000Additions$200,000Total$700,000
Tax Record2024$8,746 ($729 / month)
Home Facts
Total Finished SqFt1,664 SqFtAbove Grade Finished SqFt1,664 SqFtStories1Lot Size4,002 SqFtStyleOffice BuildingYear Built1928ZoningLAC2CountyLOS ANGELESAPN6029-008-006
Schools near 8018 Avalon Boulevard
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Mckinley Avenue Elementary School PublicK to 6 | ||
Charles Drew Middle School Public7 to 8 | ||
John Hope Continuation 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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