5937 Avalon Boulevard, Los Angeles, CA 90003 | MLS 316009767 | Listing Information | Real Living Pacific Realty | Real Living Real Estate
Real Living Pacific Realty
800-660-9140

5937 Avalon Boulevard,  Los Angeles CA, 90003

28,648 sqft
Status: Active
MLS#: 316009767
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Real Living Pacific Realty
800-660-9140

Listing Provided Courtesy Of: John Aaroe Group Inc
Last Updated: 12/6/2016 12:43 PM
Description for 5937 Avalon Boulevard Los Angeles, CA 90003
Great upleg opportunity. Diversify your portfolio with this well-maintained mixed-use building in southeast LA. The building was substantially renovated between 2004-2007. This mixed-use building offers a diverse array of income streams. The building consists of 22 residential units (9 one bedroom units & 13 singles) and 10 commercial units. The commercial units include: a market/store, juice store/restaurant, discount retail store, hair salon, apparel manufacturing, & multiple warehouses. There is on-site coin laundry, potentially rentable secure storage rooms, and one warehouse space not currently leased. The current Cap Rate is 7.4% (based on current property tax rate) and approximate GRM of 9.76, the Pro Forma Cap Rate is 7.23% (based on future property tax rate) and the Pro Forma GRM is 8.88. All units are leased except 1 commercial unit (small warehouse), which may or may not be leased prior to COE. Tenants pay their own utilities, except water and trash. Each unit is separately metered for gas and electric. Buyer is advised to independently verify all aspects of the property. Zoned LACM for commercial/ofc/residential mixed-use. Price per SF: $139.
Price
$3,995,000
Los Angeles
28,648 (approx)
316009767
Active
Description
Great upleg opportunity. Diversify your portfolio with this well-maintained mixed-use building in southeast LA. The building was substantially renovated between 2004-2007. This mixed-use building offers a diverse array of income streams. The building consists of 22 residential units (9 one bedroom units & 13 singles) and 10 commercial units. The commercial units include: a market/store, juice store/restaurant, discount retail store, hair salon, apparel manufacturing, & multiple warehouses. There is on-site coin laundry, potentially rentable secure storage rooms, and one warehouse space not currently leased. The current Cap Rate is 7.4% (based on current property tax rate) and approximate GRM of 9.76, the Pro Forma Cap Rate is 7.23% (based on future property tax rate) and the Pro Forma GRM is 8.88. All units are leased except 1 commercial unit (small warehouse), which may or may not be leased prior to COE. Tenants pay their own utilities, except water and trash. Each unit is separately metered for gas and electric. Buyer is advised to independently verify all aspects of the property. Zoned LACM for commercial/ofc/residential mixed-use. Price per SF: $139.
Listing Information
Property Type: Cluster, Other
0.37 Acres 28,648 (approx) $139.45
1920 Frame
32 Total
Neighborhood
Room Information
Hookups in Laundry Room, Common
Interior Features
Carpet Wall to Wall
Gas Heat, Wall Unit
Storage, High Ceiling
Exterior / Lot Features
Uncovered, Private
Frame
Composition
130' X 125'
LACM
Sidewalks
Financial Considerations
6006032028
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90003 has a population of 3,804,503.

The median household income in Los Angeles, California 90003 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90003 is 34.1 years.

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Courtesy: John Aaroe Group Inc James Tripodes
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Information is deemed reliable but is not guaranteed.

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