Description

We are proud to present 8325 S Avalon Blvd, a well-priced 10-unit multifamily property inLos Angeles. Offered at an 8.90 GRM and a 4.54% CAP on actual rents, with upside potential to achieve a 5.34 GRM and an 11.20% CAP with market rents. The property is comprised of one, two-story building consisting of a total of 3,600 rentable square feet. Built in 1923, the property sits on a 6,198 square foot LAR4-zoned corner lot with street access on two sides plus alley access. The unit mix features four (4) one-bedroom one-bathroom units and six (6) studio units. All four (4) one-bedroom units have been renovated. The property also features additional space in the rear of the property that abuts the alley which can serve as on-site parking for tenants or for future ADUs (buyer to verify). Located off of Avalon Blvd and E 84th St just north of Manchester Ave, this property offers excellent access with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles, Inglewood, Lennox, Gardena and Crenshaw. Contact the listing broker for additional details.