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$ 1,050,000
Est. payment | /mo
4 Beds
10 Baths
3,600 SqFt
$ 1,050,000
Est. payment | /mo
4 Beds
10 Baths
3,600 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $291
MLS Listing ID 26735417
Bedrooms 4
HOA Y/N No
Year Built 1923
Lot Size 6,198 Sqft
Lot Dimensions Assessor
Property Description
We are proud to present 8325 S Avalon Blvd, a well-priced 10-unit multifamily property inLos Angeles. Offered at an 8.90 GRM and a 4.54% CAP on actual rents, with upside potential to achieve a 5.34 GRM and an 11.20% CAP with market rents. The property is comprised of one, two-story building consisting of a total of 3,600 rentable square feet. Built in 1923, the property sits on a 6,198 square foot LAR4-zoned corner lot with street access on two sides plus alley access. The unit mix features four (4) one-bedroom one-bathroom units and six (6) studio units. All four (4) one-bedroom units have been renovated. The property also features additional space in the rear of the property that abuts the alley which can serve as on-site parking for tenants or for future ADUs (buyer to verify). Located off of Avalon Blvd and E 84th St just north of Manchester Ave, this property offers excellent access with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles, Inglewood, Lennox, Gardena and Crenshaw. Contact the listing broker for additional details.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR4
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Uncovered
Total Parking Spaces 5
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6030029012
Special Listing Condition Standard
Listed by Casey Lins Kidder Mathews of California, Inc. #01902650
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