8325 Avalon Blvd - Apartments FOR SALE


Los Angeles, CA 90003- Canndu/Avalon Gardens
$1,050,000 USD
213-225-7223
8325 Avalon Blvd, Los Angeles, CA for Sale
$1,050,000 USD
Apartments - FOR SALE
1/15
null | 4.54% Cap Rate

8325 Avalon Blvd
Los Angeles, CA 90003
Canndu/Avalon Gardens


OVERVIEW

We are proud to present 8325 S Avalon Blvd, a well-priced 10-unit multifamily property in Los 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.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

10

PRICE/UNIT

$105,000

CAP RATE

4.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$105k/Unit!!!

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,198 SF

ZONING

R4

APN/PARCEL ID

6030-029-012

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.