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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$ 875,000
Est. payment /mo
Price Dropped by $50K
4355 Avalon Los Angeles, CA 90011
3,200 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $273
MLS Listing ID SB-26086187
Year Built 1905
Lot Size 4,609 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
4355 Avalon Blvd presents investors with a strong opportunity to acquire a mixed-use asset offering excellent in-place cash flow with attractive existing rents and a diverse unit mix. The property consists of (1) Studio, (2) 1 Bed/1 Bath, (2) 2 Bed/1 Bath, and (1) ground-floor commercial retail space with frontage along Avalon Blvd, providing both residential stability and retail visibility. The units are spread out over 3,200 square feet on a 4,609 square foot lot, zoned LAC2-1-CPIO, offering flexibility for a variety of commercial and residential uses. The property is currently 83% occupied, offering investors immediate upside through leasing the remaining units at market rents, projecting a 6.84% Cap Rate and 8.11 GRM. Strategically located in a growing South Los Angeles corridor, the property benefits from close proximity to major employment centers, transportation routes, and ongoing neighborhood development, making it an attractive opportunity for investors seeking strong current income with long-term upside.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Laundry None
Exterior
Pool None
Community Features Curbs, Sidewalks, Suburban, Urban
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
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