7500 Avalon, Los Angeles, CA 90003
- $985,000
- List Price
- $985,000
- Price Change
- ▼ $90,000 1783658202
- Status
- ACTIVE
- MLS#
- PW26068180
- Year Built
- 1957
- Lot Size
- 5,510
- Acres
- 0.13
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 109
- 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.
Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Private
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $102,885
- Operating Expense
- 43597
Listing courtesy of Listing Agent: Alexandro Colombo (info@colombocre.com) from Listing Office: Keller Williams Coastal Prop..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.