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Los Angeles, CA 90011 4214 Avalon Boulevard

$2,865,000

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Presented By: Edmond Khudyan with Coldwell Banker Hallmark; 818-919-0600
  • MLS# GD24056505
  • 03/21/2024
  • Request Tour
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  • BedBeds • 19
  • BathBaths • 12
  • FootageSQFT • 9,746

Home Details

***AS OF 5/8/24 SELLER IS UNDER CONTRACT AT LIST PRICE BUT CAN ENTERTAIN ANOTHER OFFER AND CANCEL CURRENT ESCROW. SELLER IS LOOKING FOR AN OFFER WITH NO 1031 CONTINGENCY *** 10 UNIT BUILT 1995. ACROSS FROM KEDREN COMMUNITY AND HEALTH CARE CLINC. THE AREA HAS IMPROVED SUBSTANTIALLY AND CONTINUING TO IMPROVE YEAR BY YEAR. LARGE UNITS WITH 18 TANDEM PARKING. 3 UNITS ARE 15% BELOW MARKET RENTS. RARE VACANCIES. CAPITAL IMPROVEMENTS IN 2023. CURRENTLY 5.92 CAP & 6.58 CAP AS OF OCT 1, 2024 RENT INCREASE. SEE ATTACHED SAPPLEMENTS. $286K PER UNIT & $294 PSF, BELOW REPLACEMENT COST. IN 2019, THE PROPERTY WAS APPRAISED BY IN 2019 BY MALAGA BANK @ $2.8M WHEN GROSS RENT WAS $208K. PLEASE DO NOT DISTURB THE TENANTS. LISTING AGENT IS THE OWNER. LAUNDRY ROOM HAS W/D HOOK UP READY FOR NEW LAUNDRY MACHINES. RENTS WILL INCREASE BY $1,624 ($19,488 ANNUALLY) EFFECTIVE OCT 1, 2024.
Presented By: Edmond Khudyan with Coldwell Banker Hallmark; 818-919-0600

Interior Features for 4214 Avalon Boulevard

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesElectricDryerHookup, GasDryerHookup, LaundryRoom
Street SuffixBoulevard
Total Stories2

Other Rooms

Entry Level1

General for 4214 Avalon Boulevard

Additional Parcels Description5115006034
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.92
Carport Y/NNo
CityLos Angeles
Community FeaturesSidewalks
ContingencyMay be contingent upon sellers 1031 tax exchange at no cost to buyer
CountyLos Angeles
Days on Market37
DirectionsSouth of 42nd st. East of 110
Electric Expense1558.0
Entry LocationStreet
Expected Active Date 2024-04-01
Fuel Expense4440.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense13400.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashtoNewLoan, Item1031Exchange
Lot Size Square Feet11960.0
MLS AreaC42 - Downtown L.A.
MaintenanceExpense7850.0
MobileHomeRemainsYNNo
Net Operating Income169136.0
New ConstructionNo
Number of Units Leased10
Open Parking Spaces18.0
Operating Expense84628.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerSewerTapPaid
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameAvalon
Tax Lot4
Taxes$36,238
Tenant PaysCableTV, Electricity, Gas
Total Actual Rent21801.0
Total Units10
Trash Expense4440.0
ViewNone
View Y/NNo
Water Sewer Expense11740.0
Waterfront Y/NNo
Year Built1995
Year Built SourceAssessor
ZoningLAC2

Exterior for 4214 Avalon Boulevard

Building Area Total9746.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.2746
Lot Size Area11960.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters11
Number of Separate Gas Meters11
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, Tandem, Uncovered
Pool Charge0.0
SpaNo
Total Parking18.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,865,000
MLS#GD24056505
List Date 03/21/2024
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors