11107 S Avalon Boulevard

    Los Angeles (City), CA 90061
    • $1,425,000
    • STATUS: Active
    • ON SITE: 20 days
    • ID#: 20575668
    UPDATED: 49 min ago
    $1,425,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    Actual CAP 6.29% and 11 GRM. Actual Gross Annual Income $129,564. All 8 units are 2 bed 1 bath each. Next 4% rent increase Jan 2021. Interior inspection with an accepted offer. Current rents are 27% below market rents. Please do not walk on the property tenants are not aware of the sale. Individual gas, electric meters and individual water heaters. Owner pays trash and water. 85% of rents paid by the Housing Authority, currently no delinquencies all tenants are current on rent.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-30T19:25:31.997. 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 deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.

    www.theashleycooperteam.com/homes/105720107

    11107 S Avalon Boulevard Los Angeles (City), CA 90061

    • Price: $1,425,000
    • Status: Active
    • Updated: 49 min ago
    • ID#: 20575668
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1958
    Built
    Neighborhood:
    C37 - Metropolitan South
    County:
    Los Angeles
    Area:
    C37 - Metropolitan South
    Property Description
    Actual CAP 6.29% and 11 GRM. Actual Gross Annual Income $129,564. All 8 units are 2 bed 1 bath each. Next 4% rent increase Jan 2021. Interior inspection with an accepted offer. Current rents are 27% below market rents. Please do not walk on the property tenants are not aware of the sale. Individual gas, electric meters and individual water heaters. Owner pays trash and water. 85% of rents paid by the Housing Authority, currently no delinquencies all tenants are current on rent.
    Exterior Features

    Lot Size Units Square Feet Parking Features Uncovered Parking YN Yes

    Interior Features

    Fireplace Features None Fireplace YN No

    Property Features

    Garage Income 0.00 Gross Income 129564.00 Gross Multiplier 11.00 Gross Operating Income 125677.00 Gross Scheduled Income 129564.00 Insurance Expense 2400.00 Laundry Income 0.00 Maintenance Expense 2400.00 Net Operating Income 89677.00 New Taxes Expense 17813.00 Operating Expense 0.00 Operating Expense Percent 0.00 Other Expense 0.00 Professional Management Expense 0.00 Security Expense 0.00 Senior Community YN No Special Listing Conditions Standard Supplies Expense 0.00 Total Expenses 36000.00 Trash Expense 5400.00 Water Sewer Expense 4800.00 Zoning Lar4

    Listing provided courtesy of Vladimir Rozumny of Vladimir Rozumny


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-30T19:25:31.997. 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 deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.

     
    First Team Real Estate
    CA,