8018 Avalon Boulevard Los Angeles, CA 90003
Exceptional Opportunity: Own 4 Units (Currently 3 Vacant) in Los Angeles! This property is prime for Section 8 rentals with estimated rental income of approximately $10, 273 per payment standard, yielding an impressive CAP rate of 8% - a rarity in today's market! Property features brand new roofs, new windows, stylish new kitchen cabinets, and elegant quartz countertops. The front two units offer high ceilings creating a loft-like atmosphere, and built-in laundry hook ups, while the back units benefit from a convenient community laundry space. All units come equipped with new tankless water heaters, stoves, refrigerators, microwaves and mini-split AC/heating systems. Upgrades include new electrical systems and 400 amp panels, and 100% new pex plumbing and state of the art fire sprinkler system (insurance carriers love). All units individually metered for gas and electric. With all units currently vacant great opportunity for buyer to vet their own tenants and have a passive rent generating machine with no headaches or maintenance calls. The seller is also pursuing Section 8 rental approval, allowing for the potential of selling with tenants already in place. At this time one unit has been placed under contract with section 8 and is paying $2, 407. Don't miss this exceptional opportunity to choose your own tenants in a highly sought-after location!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site45 Days
- MLS StatusActive
- MLS ID Number24416211
- Home Size Source Assessor
- Year Built1934
- Lot Size0.0919 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Spanish
- Construction Stucco
- Parking Driveway
- Parking Spaces 4
- Sewer Other
- Number of Stories 10
- Acreage 0.0919
- Water Public
- Security Carbon Monoxide Detector(s)Fire Sprinkler SystemSmoke Detector(s)Window Bars
- Foundation RaisedSlab
- Zoning LAC2
- Listing Conditions Standard
- Property Condition Updated/ Remodeled
- Direction Faces West
Interior Features
- Appliances RefrigeratorElectric Cooktop
- Interior Ceiling Fan(s)High Ceilings
- Fireplace Features None
- Laundry Features Washer IncludedDryer Included
- Window Features Double Pane Windows
- Fireplace No
Exterior Features
- View None
- Spa No
- Pool Features None
- Spa Features None
- Lot LandscapedBack Yard
- Patio And Porch None
Community Features
- Senior Community No
- MLS Area C37 - Metropolitan South
- Security Features Carbon Monoxide Detector(s)Fire Sprinkler SystemSmoke Detector(s)Window Bars