4214 Avalon Boulevard Los Angeles, CA ^$ 2,865,000

4214 Avalon Boulevard

^$ 2,865,000

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4214 Avalon Boulevard

Los Angeles, CA, 90011

^$ 2,865,000

Bedrooms19 Baths12.0 Sq 9,746

Monthly Estimate*

^$ 20,013

Listed by Coldwell Banker Hallmark

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Multi-Family Home for sale in Los Angeles, CA

for $2,865,000 with 19 bedrooms and 12 full baths. This 9,746 square foot home was built in 1995 on a lot size of 0.2746.

***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.

Multi-Family Active

Price

^$ 2,865,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.2746

Year Built

1995

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

GD24056505

Days on Market

Features

General

Sewer SewerTapPaid

Possession CloseOfEscrow

Zoning LAC2

Garage Spaces 0.0

Pool Features None

Year Built 1995

Tenant Pays CableTV Electricity Gas

View None

Stories 2

Levels Two

Property SubType Apartment

Gross Income 0.0

Community Features Sidewalks

Additional Parcels Description 5115006034

County Los Angeles

Net Operating Income 169136.0

Operating Expense 84628.0

Insurance Expense 13400.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Contingency May be contingent upon sellers 1031 tax exchange at no cost to buyer

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions South of 42nd st. East of 110

City Los Angeles

Entry Location Street

View Y/N N

Senior Community Y/N N

Open Parking Spaces 18.0

Total Units 10

MLS Area C42 - Downtown L.A.

Lot Size Square Feet 11960.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 10

Street Name Avalon

Listing Terms CashtoNewLoan Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 1558.0

Home Warranty Y/N N

Fuel Expense 4440.0

Trash Expense 4440.0

Water Sewer Expense 11740.0

Lease Renewal Y/N N

Additional Parcels Y/N Y

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 37

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 4

Total Actual Rent 21801.0

Property Sub Type Additional Apartment

Expected Active Date 2024-04-01

Taxes 36238.0

Cap Rate 5.92

Exterior

Parking Features Assigned Tandem Uncovered

Lot Features Item01UnitAcre

Water Source Public

Total Parking 18.0

Lot Size Area 11960.0

Number of Buildings 1

Spa N

Building Area Total 9746.0

Lot Size Acres 0.2746

Lot Size Units SquareFeet

Lot Size Source Assessor

Pool Charge 0.0

Number of Separate Water Meters 1

Number of Separate Gas Meters 11

Number of Separate Electric Meters 11

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Boulevard

Laundry Features ElectricDryerHookup GasDryerHookup LaundryRoom

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 4214

* Excluded Features

List By

Coldwell Banker Hallmark

Broker

(818) 476-3000

Phone

Affordability Calculator

$20,013

Per Month

Monthly Principal & Interest: $20,013
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,986,097

Percent of Sale Price 31%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
5/8/2024	$2,865,000	-1.17%	Price Down
4/1/2024	$2,899,000		Listed Price

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4214 Avalon Boulevard, Los Angeles, CA, 90011 is a Multi-Family Home for sale at $2,865,000 with 9,746 sqft and a lot size of 0.2746. 4214 Avalon Boulevard has 19 bedrooms, 12.0 baths, and was built in 1995. The property's zip code is 90011 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/14/2024. 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.

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4214 Avalon Boulevard

Multi-Family Home for sale in Los Angeles, CA

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