7500 Avalon, Los Angeles, CA 90003
List Price: $985K
Listing Status: Active
Original List Price: $1.07M
0Days on Market: 91
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1957
Lot Size: 5,510 sq ft
Private Pool: Yes
MLS Number: PW26068180
About This Property
7500 Avalon Blvd is an 8-unit apartment property comprised entirely of 2-bedroom / 1-bath units, offered at $985,000, or $123,125 per unit and $216 per square foot. The property currently operates at a 5.33% cap rate and 9.57 GRM, with scheduled gross income of $102,885 and current NOI of $52,470. The property offers immediate cash flow with a clean all-2-bedroom unit mix and substantial rental upside. Buyers benefit from an attractive entry basis while acquiring a straightforward value-add opportunity through unit turnover, strategic renovations, and improved management. This is a simple, efficiently operated 8-unit investment with strong in-place income and long-term appreciation potential.
Listing provided by: Alexandro Colombo DRE #01927702 562-961-1400 info@colombocre.com, Keller Williams Coastal Prop.
Source: CRMLS, MLS #: PW26068180
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.