5937 Avalon Boulevard

Los Angeles, California 90003
For Sale $3,995,000
  • 0.37 acre lot
  • Built 1920
  • Multi-Residential Building
  • MLS# 316009767
  • Status Active

More Property Info for 5937 Avalon Boulevard

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.

Property Highlights

  • Los Angeles County
  • Lot: 0.37 acres
  • Built 1920
  • Geo Coordinates: 33.986, -118.265
  • ZIP: 90003
  • Days On Homeswing: 50
  • Carport Spaces: 0.00
  • County Or Parish: Los Angeles
  • Flooring: Wall-To-Wall Carpet
  • Garage Spaces: 0.00
  • Heating: Wall Heater,Natural Gas
  • Interior Features: Storage Space,High Ceilings (9 Feet+)
  • Levels: Two
  • Lot Features: Lot Shape-Rectangular,Lot-Level/Flat,Corner Lot,Wa
  • Lot Size Acres: 0.37
  • Lot Size Dimensions: 130' X 125'
  • MLS Area Major: C42 - Downtown L.A.
  • Number Of Buildings: 1
  • Number Of Units Total: 32
  • Parcel Number: 6006032028
  • Parking Features: Uncovered,Private
  • Parking Total: 0.00
  • Roof: Composition
  • Stories Total: 2
  • Year Built: 1920
  • Zoning: LACM

Community Information for 5937 Avalon Boulevard

Schools near 5937 Avalon Boulevard

Monthly Payment for 5937 Avalon Boulevard

This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Loan Type: 30 year fixed at 4.00%
Price: $3,995,000
Down Payment: - $799,000 (20%)
Loan Amount: = $3,196,000
Principal & Interest: +
Property Taxes: + (1.5%)
Homeowner's Insurance: +
Mortgage Insurance - PMI: +
Total Payment: =
20%
Down Payment
4.00%
Rate

Listing Provided by

James Tripodes, John Aaroe Group Inc

Listing Disclaimer

Based on information from California Regional Multiple Listing Service, Inc. as of 12/6/2016 6:50:35 AM. 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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License: 01760623
Home Smart Advantage Realty
License: 02005754
Rapisarda Real Estate
License: 01915989
Heritage Sotheby's International Realty

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