4214 Avalon Boulevard, Los Angeles, CA 90011

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Property Description

10 UNIT BUILT 1995. ACROSS FROM KEDREN COMMUNITY AND HEALTH CARE CLINC. THE AREA HAS IMPROVED SUBSTANTIALLY AND CONTINUING TO IMPROVE YEAR BY YEAR. LARGE UNITS WITH 18 TANDEM PARKING. 3 UNITS ARE 15% BELOW MARKET RENTS. RARE VACANCIES. CAPITAL IMPROVEMENTS IN 2023. CURRENTLY 6.38 CAP & 7.1 CAP AS OF NOV 1, 2024 RENT INCREASE. SEE ATTACHED SAPPLEMENTS. $269K PER UNIT & $276 PSF. THE PROPERTY WAS APPRAISED IN 2019 BY MALAGA BANK @ $2.8M WHEN GROSS RENT WAS $208K. PLEASE DO NOT DISTURB THE TENANTS. LISTING AGENT IS THE OWNER. LAUNDRY ROOM HAS W/D HOOK UP READY FOR NEW LAUNDRY MACHINES. RENTS WILL INCREASE BY $1,474 ($17,688 ANNUALLY) EFFECTIVE NOV 1, 2024. THE PROPERTY IS BEING SELF MANAGED.

Interior Features

Laundry Information
Location(s) Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room
Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 4214 Avalon Boulevard
City Los Angeles
State CA
Zip 90011
County Los Angeles
Listing Agent Edmond Khudyan DRE #01196809
Courtesy Of Coldwell Banker Hallmark
List Price $2,690,000
Status Active
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 11,960
Year Built 1995

Listing information courtesy of: Edmond Khudyan, Coldwell Banker Hallmark. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 28th, 2024 at 11:44 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.