12201 Avalon

    Los Angeles (City), CA 90061
    • $725,000
    • STATUS: Active
    • ON SITE: 67 days
    • ID#: 19457136
    UPDATED: 58 min ago
    $725,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,310
      SQFT
    • $314
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    Four 2bedroom units at the corner of 122nd Street and Avalon Boulevard. Over 40% upside in rents. Across the street from Magic Johnson Park which is receiving a $70 million renovation this year. Close proximity to the 105 and 110 freeways. Can be purchased on its own or with the two adjacent quadplexes to the south ($750,000 per quadplex). Great opportunity for a value add investor to capitalize on the upside in an up and coming area.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-26T21:43:10.433. 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. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/93890646

    12201 Avalon Los Angeles (City), CA 90061

    • Price: $725,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: 19457136
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,310
    SQFT
    $314
    $/SQFT
    1955
    Built
    Neighborhood:
    C37 - Metropolitan South
    County:
    Los Angeles
    Area:
    C37 - Metropolitan South
    Property Description
    Four 2bedroom units at the corner of 122nd Street and Avalon Boulevard. Over 40% upside in rents. Across the street from Magic Johnson Park which is receiving a $70 million renovation this year. Close proximity to the 105 and 110 freeways. Can be purchased on its own or with the two adjacent quadplexes to the south ($750,000 per quadplex). Great opportunity for a value add investor to capitalize on the upside in an up and coming area.
    Exterior Features

    Lot Size Units Square Feet Parking Features Driveway Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Laundry Features None

    Property Features

    Gross Multiplier 14.82 Gross Operating Income 48912.00 Improvements Amount 161375 Land Value 63139 Laundry YN No Net Operating Income 32306.00 Special Listing Conditions Standard Total Expenses 16606.00 Zoning Lcr1*

    Listing provided courtesy of David Harrington of Matthews Real Estate Investmen


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-26T21:43:10.433. 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. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024