5119 S Avalon

    Los Angeles (City), CA 90011
    • $5,300,000
    • STATUS: Active
    • ON SITE: 110 days
    • ID#: 19441264
    UPDATED: 71 min ago
    $5,300,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,359
      SQFT
    • $305
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    We are pleased to present a mixed use income opportunity located in the South Park neighborhood of Los Angeles. This opportunity is great for investors looking for a high vacancy opportunity as it will be delivered 80% VACANT at the close of escrow. The building is located just 2 miles from Exposition Park and less than 3 miles from USC. The building consists of 39 residential units (13 SRO units with shared baths, 13 studios with no kitchens, 12 regular studios, and one 1 BD/1BA) and three retail units (all on month to month leases). 31 of the 39 residential units will be delivered VACANT. Please see rent roll for the complete breakdown of the units. This is an excellent opportunity for savvy investors looking to capture immediate upside in rents for strong cash flow. Contact listing agent for more details!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T19:36:45.46. 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/92425662

    5119 S Avalon Los Angeles (City), CA 90011

    • Price: $5,300,000
    • Status: Active
    • Updated: 71 min ago
    • ID#: 19441264
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    17,359
    SQFT
    $305
    $/SQFT
    1924
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    We are pleased to present a mixed use income opportunity located in the South Park neighborhood of Los Angeles. This opportunity is great for investors looking for a high vacancy opportunity as it will be delivered 80% VACANT at the close of escrow. The building is located just 2 miles from Exposition Park and less than 3 miles from USC. The building consists of 39 residential units (13 SRO units with shared baths, 13 studios with no kitchens, 12 regular studios, and one 1 BD/1BA) and three retail units (all on month to month leases). 31 of the 39 residential units will be delivered VACANT. Please see rent roll for the complete breakdown of the units. This is an excellent opportunity for savvy investors looking to capture immediate upside in rents for strong cash flow. Contact listing agent for more details!
    Exterior Features

    Lot Size Units Square Feet

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 5.80 Gross Multiplier 11.00 Gross Operating Income 483488.00 Improvements Amount 1173000 Land Value 867000 Laundry YN Yes Net Operating Income 307472.00 Special Listing Conditions Standard Total Expenses 161511.00 Zoning Lac2

    Listing provided courtesy of Daniel Shamooelian of Brc Advisors- Bh


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T19:36:45.46. 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