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$925,000
Est. payment /mo
4,608 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26086187
HOA Y/N No
Year Built 1905
Lot Size 4,608 Sqft
Property Sub-Type Apartment
Property Description
4355 Avalon Blvd presents investors with a strong opportunity to acquire a mixed-use asset offering excellent in-place cash flow with attractive existing rents and a diverse unit mix. The property consists of (1) Studio, (2) 1 Bed/1 Bath, (2) 2 Bed/1 Bath, and (1) ground-floor commercial retail space with frontage along Avalon Blvd, providing both residential stability and retail visibility. The units are spread out over 3,200 square feet on a 4,609 square foot lot, zoned LAC2-1-CPIO, offering flexibility for a variety of commercial and residential uses. The property is currently 83% occupied, offering investors immediate upside through leasing the remaining units at market rents, projecting a 6.53% Cap Rate and 8.48 GRM. Strategically located in a growing South Los Angeles corridor, the property benefits from close proximity to major employment centers, transportation routes, and ongoing neighborhood development, making it an attractive opportunity for investors seeking strong current income with long-term upside.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Curbs, Suburban, Sidewalks, Urban
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5113014005
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Special Listing Condition Standard
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Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559, DRE #02100737
Nearby Locations
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