A 6-unit Property 13816 Avalon Blvd., Los Angeles (County Area), CA 90061

Status: sold

Property Type: Multi-Family
Garden/Low Rise

Year Built: 1956

Building Class: B

Building Size: 2,232 SF

Land Size: 5497 SF

Price: $425,000

Cap Rate: 8

Zoning: Lcr3

Property Flyer

Derek Fowler dfowler@remax.net (310) 937-5764

Overview Details Documents Map

Property Description

Here is a fine non-rent contolled opportunity with an excellent chance of a great cash return. At the asking price this investment possibility has a low GRM of 7.38, a high CAP Rate of 8% and a low cost per unit of $70,833. Some improvements include a newer roof, copper plumbing, newer flooring, recent interior & exterior paint, remodeled kitchens, updated electrical outlets, and nearly all new windows. The property also has at least a 1:1 parking.

Area Description

Just north of Rosecrans Avenue, located in an unincorporated of Los Angeles County.

Highlights

No L.A. City Rent Control
7.38 GRM
8% Cap Rate
$70,833 Per Unit
May Possibly Purchase Adjacent Property
Newer Roof
Copper Plumbing
Remodeled Kitchens & Bathrooms
Updated Electrical Outlets
Newer Interior & Exterior Paint

Full Address: 13816 Avalon Blvd., Los Angeles (County Area), CA 90061

Listing Type: FOR SALE

Status: Sold

Building Class: B

Zoning: Lcr3

Region: W-WP

County: Los Angeles County

Closest Cross Streets: North of Rosecrans

Use Type: Investment

Property ID: 126723

Amenities

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

Financial Terms: 5 year fixed

Year Built: 1956

Free Standing: Yes

Commission Comments: 3% to Selling Agent

Cap Rate: 8

Features

Mixes

Average Monthly Rent - 1 bed, 1 bath: 825

Average Monthly Rent - 1 bed, 1 bath: 750

Average Monthly Rent - Single: 750

Financial

D Loan Description: 5 year fixed

Cash Flow Type: Actual

Cf Op Expenses: 20700

Cf Effective Gross: 54720

D Amortization: 30

Cf Year: 2012

D Due: 5

Cf Sched Income: 57600

Cf Net Op Income: 34020

Debt Type: Proposed

Cf Vacancy: 5

FLyer

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