7500 Avalon, Los Angeles, CA 90003
- $985,000
List Agent Alexandro Colombo () 310-978-7950 Keller Williams Coastal Prop.; CoList ()
- List Price
- $985,000
- Price Change
- ▼ $90,000 1783658202
- Status
- ACTIVE
- MLS#
- PW26068180
- Year Built
- 1957
- Lot Size
- 5,510
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 114
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
Property Description
7500 Avalon Blvd is an 8-unit apartment property comprised entirely of 2-bedroom / 1-bath units, offered at $985,000, or $123,125 per unit and $216 per square foot. The property currently operates at a 5.33% cap rate and 9.57 GRM, with scheduled gross income of $102,885 and current NOI of $52,470. The property offers immediate cash flow with a clean all-2-bedroom unit mix and substantial rental upside. Buyers benefit from an attractive entry basis while acquiring a straightforward value-add opportunity through unit turnover, strategic renovations, and improved management. This is a simple, efficiently operated 8-unit investment with strong in-place income and long-term appreciation potential.
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Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Private
Mortgage Calculator
Based on information from CRISNet MLS as of . 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.