8018 Avalon Boulevard
Los Angeles, CA 90003
- – beds
- – baths
- – sqft
- 4,002 sqft lot
- 1934 build
- – on site
Back on the Market Buyer failed to performance...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 $10,273 per payment standard, yielding an impressive CAP rate of 8% - 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 $2,407. Don't miss this exceptional opportunity to choose your own tenants in a highly sought-after location!
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Nov 20, 2024
•
MLS# 24416211 —
This property is listed in more than one place. See it here.
The Building
-
Year Built:1934
-
Year Built Source:Assessor
-
New Construction:No
-
Construction Materials:Stucco
-
Architectural Style:Spanish
-
Foundation:Raised, Slab
-
Faces:West
-
Building Area Total:1664.00
-
# of Buildings:2
-
Total Number Of Units:4
Interior
-
Features:Ceiling Fan(s), High Ceilings
-
Levels:One
-
Entry Location:Living Room
-
Window Features:Double Pane Windows
-
Fireplace:No
-
Fireplace:None
-
Laundry:Washer Included, Dryer Included
-
Laundry:1
Location
-
Directions:North of Manchester Ave. and South of Florence Ave
-
Latitude:33.96585900
-
Longitude:-118.26482300
The Property
-
Property Type:Residential Income
-
Property Condition:Updated/Remodeled
-
Zoning:LAC2
-
Lot Features:Landscaped, Back Yard
-
Lot Size Area:4002.0000
-
Lot Size Dimensions:40x100
-
Lot Size Acres:0.0919
-
Lot Size SqFt:4002.00
-
Lot Size Source:Assessor
-
View:None
-
Security Features:Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s), Window Bars
-
Additional Parcels:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
-
Special Listing Conditions:Standard
-
Parcel Number:6029008006
-
Showings Begin:2024-07-24
Utilities
-
Sewer:Other
-
Water Source:Public
Appliances
-
Appliances:Refrigerator, Electric Cooktop
-
Included:Yes
The Community
-
Senior Community:No
-
Pool:None
-
Private Pool:No
-
Spa Features:None
-
Association:No
-
Assessments:No
Parking
-
Parking:Yes
-
Parking:Driveway
-
Parking Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/20/24
Nov 20, 2024
|
Sold Subject To Contingencies | CRMLS_CA | $1,150,000 | |
|
11/15/24
Nov 15, 2024
|
Price Changed | CRMLS_CA | $1,150,000 | 7.0% |
|
10/17/24
Oct 17, 2024
|
Listed / Active | CRMLS_CA | $1,075,000 |
