8711 Avalon, Los Angeles, CA 90003

$2,500,000

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List Price
$2,500,000
Status
ACTIVE
MLS#
PW26012679
Year Built
1959
Lot Size
10,526
Acres
0.24
Lot Location
0-1 Unit/Acre, Street Level, Walkstreet
Days on Market
177
Property Type
Multifamily
Property Sub Type
Apartment

Property Description

Here we have a two story 10-plex apartment building. All units are two bedrooms with a full bath, kitchen, dining area and a living room. The building has recently been painted to match the neighboring 10-plex at 8717 which is also on the market. Rent rolls occupied are at 90% at 90% of the calendar year. As vacancies do come available, they are upgraded to include paint, carpet, flooring, kitchens and bathrooms as needed. This building is supported by a 100-gallon hot water system for the comfort and care of the tenants. The roof was recently serviced for prevented maintenance and verified for continued problem free use. The parking lot has restriped with one space per apartment with addition spaces in the lot. The structure insurance was recently renewed. The parking area is gated and has exterior lighting for the safety of the tenants and their families. The property is within walking distance of transportation stops, shopping and restaurants. It is also close to freeway transportation routes and their accesses ramps.

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
10
Gross Scheduled Income
$163,069
Operating Expense
25000

Listing courtesy of Listing Agent: John Muller (JOHNMULLER@FIRSTTEAM.COM) from Listing Office: First Team Real Estate.

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Calculator source: Real Geeks

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.