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8018 Avalon Boulevard

Los Angeles CA 90001

5
4
4
1664 sq. ft.
4002 sq. ft.
Other
Currently for sale - view listing

Overview

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!

Features

5 bedrooms
4 bathrooms
4 carspaces
1664 sq. ft. floor area
4002 sq. ft. lot size
Other

Property history for 8018 Avalon Boulevard

2024
Rented
Undisclosed
16 Aug 2024 by Cusack Real Estate Inc.
2023
Sold
$387,500
17 Oct 2023 by Darin Spillman, of Kidder Mathews of California, Inc.

Happy sellers in Los Angeles

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We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.

Local market activity for 5 bedroom other properties in Los Angeles

In the last 12 months, 1 five-bedroom other similar to 8018 Avalon Boulevard, have been sold.

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