8018 Avalon Boulevard, Los Angeles, CA 90003

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Property Description

Back on the Market Buyer failed to perform...Exceptional Opportunity: Own 4 Units (Currently 1 Vacant) in Los Angeles! This property is prime for Section 8 rentals with estimated rental income of approximately $10,214 per payment standard, yielding an impressive CAP rate of 7.9% - 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 Three units has been placed under contract with section 8 and is paying. Don't miss this exceptional opportunity to choose your own tenants in a highly sought-after location!


Interior Features

Bedroom Information
Bedrooms 5
Bathroom Information
Bathrooms 4
Interior Information
Features Ceiling Fan(s), High Ceilings

Listing Information

Address 8018 Avalon Boulevard
City Los Angeles
State CA
Zip 90003
County Los Angeles
Listing Agent Edmar Costa DRE #01474018
Courtesy Of Engel & Volkers Beverly Hills
List Price $1,150,000
Status Active
Type Residential Income
Structure Size 1,664
Lot Size 4,002
Year Built 1934

Listing information courtesy of: Edmar Costa, Engel & Volkers Beverly Hills. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 9:02 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.