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Los Angeles (county Area), 6-units 13812 Avalon Blvd., Los Angeles, CA 90061
Garden/Low Rise
Property Description
This 6-unit apartment building is currently 100% occupied and features remodeled interiors. Some improvements inlcude newer flooring to the kitchens and bathrooms and newer carpeting to the living area and bedrooms. The property has undergone extensive drywall repair and copper plumbing improvements. It also features many newer windows and the roof was replaced less than 10 years ago. The annual schduled income is $57,900; the seller is asking price of $450,000 which runs to a 7.77 GRM, 7.42% CAP Rate, and $75,000 per unit. The building is located in an unicorporated L.A. County area just north of Rosecrans Avenue and approximately 1 mile east of the 110 Freeway.
Area Description
This 6-unit apartment building is currently 100% occupied and features remodeled interiors. Some improvements inlcude newer flooring to the kitchens and bathrooms and newer carpeting to the living area and bedrooms. The property has undergone extensive drywall repair and copper plumbing improvements. It also features many newer windows and the roof was replaced less than 10 years ago. The annual schduled income is $57,900; the seller is asking price of $450,000 which runs to a 7.77 GRM, 7.42% CAP Rate, and $75,000 per unit. The building is located in an unicorporated L.A. County area just north of Rosecrans Avenue and approximately 1 mile east of the 110 Freeway.
Highlights
No L.A. City Rent Control
7.38 GRM
7.42 CAP Rate
$75,000 Per Unit
Copper Plumbing
Remodeled Kitchens & Bathrooms
Nearly All New Windows
100% Occupied
Full Address: 13812 Avalon Blvd., Los Angeles, CA 90061
Listing Type: FOR SALE
Status: Sold
Building Class: B
Zoning: LCR3*
Region: W-WP
County: Los Angeles County
Closest Cross Streets: Rosecrans Avenue
Use Type: Investment
Property ID: 126718
Has Water: Yes
Has Electric: Yes
Gas: Yes
Water: Yes
Broadband: Yes
Has Gas: Yes
Building Sf: 2232
Parcel Num: 6134-017-003
Number Units: 6
Number Buildings: 1
Year Built: 1956
Free Standing: Yes
Commission Comments: 3% to Selling Agent
Cap Rate: 7.42
No L.A. City Rent Control
7.38 GRM
7.42 CAP Rate
$75,000 Per Unit
Copper Plumbing
Remodeled Kitchens & Bathrooms
Nearly All New Windows
100% Occupied
Average Monthly Rent - 1 Bed, 1 Bath: 850
Average Monthly Rent - 1 Bed, 1 Bath: 850
Average Monthly Rent - 1 Bed, 1 Bath: 825
Average Monthly Rent - 1 Bed, 1 Bath: 825
Average Monthly Rent - 1 Bed, 1 Bath: 725
Average Monthly Rent - Single: 750
Cash On Cash: 9.71
D Loan Description: 5 Year Fixed Rate
Cash Flow Type: Actual
D Principal: 4647
Cf Op Expenses: 21600
Cf Pre Tax: 13113
Cf Effective Gross: 55005
Cf Debt Service: 20292
D Amortization: 30
D Debt Service: 20292
Cf Year: 2013
D Due: 5 Years
D Interest Rate: 5
Cf Sched Income: 57900
Cf Net Op Income: 33405
Debt Type: Proposed
Cf Vacancy: 5