Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

10

Building size

5,704 sqft

Lot size

10,529 sqft

Year built

1959

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

220

MLS #

238124946

About this property

Here we have a two story 10-plex apartment building. All units are two bedrooms with a full bath, kitchen, dining area and a living room. The building has recently been painted to match the neighboring 10-plex at 8711 which is also on the market. Rent rolls occupied are at 90% at 90% of the calendar year. As vacancies do come available, they are upgraded to include paint, carpet, flooring, kitchens and bathrooms as needed. This building is supported by a 100-gallon hot water system for the comfort and care of the tenants. The roof was recently serviced for prevented maintenance and verified for continued problem free use. The parking lot has restriped with one space per apartment with addition spaces in the lot. The structure insurance was recently renewed. The parking area is gated and has exterior lighting for the safety of the tenants and their families. The property is within walking distance of transportation stops, shopping and restaurants. It is also close to freeway transportation routes and their accesses ramps.

Location

8717 Avalon

Los Angeles, Los Angeles, CA, 90003