Los Angeles, CA 90011 4214 Avalon Boulevard
$2,690,000
30 more
Presented By: Edmond Khudyan with Coldwell Banker Hallmark; 818-919-0600
Home Details
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 6.38 CAP & 7.1 CAP AS OF NOV 1, 2024 RENT INCREASE. SEE ATTACHED SAPPLEMENTS. $269K PER UNIT & $276 PSF. THE PROPERTY WAS APPRAISED 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 $1,474 ($17,688 ANNUALLY) EFFECTIVE NOV 1, 2024. THE PROPERTY IS BEING SELF MANAGED.
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
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 Rate6.38
Carport Y/NNo
CityLos Angeles
Community FeaturesSidewalks
ContingencyMay be contingent upon sellers 1031 tax exchange at no cost to buyer
CountyLos Angeles
Days on Market149
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
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense13400.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet11960.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MaintenanceExpense8741.0
MobileHomeRemainsYNNo
Net Operating Income171510.0
New ConstructionNo
Number of Units Leased10
NumberOfUnitsTotal10
Open Parking Spaces18.0
Operating Expense82254.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerSewerTapPaid
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot4
Taxes$33,625
Tenant PaysCableTV, Electricity, Gas
TermsCashtoNewLoan, Item1031Exchange
Total Actual Rent21801.0
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
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
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480