4441 Avalon Blvd - Apartments FOR SALE


Los Angeles, CA 90011- Vernon-Main
$2,900,000 USD
310-463-5181
4441 Avalon Blvd, Los Angeles, CA for Sale
$2,900,000 USD
Apartments - FOR SALE
1/37
null | 3.63% Cap Rate

4441 Avalon Blvd
Los Angeles, CA 90011
Vernon-Main


HIGHLIGHTS

  • LAC2; TOC Tier 3
  • 12 units; 4 to be delivered VACANT
  • Separately metered for gas and electricity
  • Upside potential in rents
  • Huge redevelopment potential
  • Close proximity to the 110, 10, 5, 101 and 60 Freeways

OVERVIEW

Major development opportunity on Avalon Blvd in South Los Angeles between Vernon and Slauson. Bread and butter investment while planning on capitalizing on the C2 zoning and TOC Tier 3 designation. The 5 separate standalone buildings total 6,677 SF, sit on 16,018 SF of land with 100 feet of frontage on Avalon Blvd and many parking spaces. The unit mix is 9 one bedroom units, 1 three bedroom SFR and 2 commercial storefront units. The 2 commercial units and 2 residential units will be delivered vacant at the close of escrow, allowing an investor to bring rents to current market rate while researching and executing plans for the site's maximum development potential. Excellent transit location with Metro bus line stops along Avalon Blvd. Close proximity to the 110, 10, 5, 101 and 60 Freeways, and a stone’s throw to the Avalon Carver Community Center. Ideal for commutes to and from Downtown Los Angeles, Crenshaw District, LAX, and beyond.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$434 USD /SF

# OF UNITS

12

PRICE/UNIT

$241,667

CAP RATE

3.63%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,018 SF

ZONING

LAC2

APN/PARCEL ID

5109-015-037

ASK ABOUT THIS PROPERTY

Vivian ChaingParcelle, Inc.More Info
310-463-5181

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Vivian ChaingParcelle, Inc.More Info
310-463-5181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.