4214 South Avalon Boulevard

Los Angeles, CA 90011

$2,899,000
Price
19
Beds
12
Baths
9,746 Sq. Ft.
$297 / Sq. Ft.
9,746
Sq. Ft.
$297
per Sq. Ft.

Description

10 unit built 1995. Across from kedren community and health care clinc. The area has improved substantially and continuing to improve year by year. Large units with 18 tandem parking. 3 units are 15% below market rents. Rare vacancies. Capital improvements in 2023. Currently 5.81 cap & 6.49 cap as of oct 1, 2024 rent increase. See attached sapplements. $290k per unit & $300 psf, below replacement cost. In 2019, the property was appraised by malaga bank @ $2.8m when the gross rent was @ $208k. Please...10 unit built 1995. Across from kedren community and health care clinc. The area has improved substantially and continuing to improve year by year. Large units with 18 tandem parking. 3 units are 15% below market rents. Rare vacancies. Capital improvements in 2023. Currently 5.81 cap & 6.49 cap as of oct 1, 2024 rent increase. See attached sapplements. $290k per unit & $300 psf, below replacement cost. In 2019, the property was appraised by malaga bank @ $2.8m when the gross rent was @ $208k. Please do not disturb the tenants. Listing agent is the owner. Laundry room has w/d hook up ready for new laundry machines. Rents will increase by $1,624 ($19,488 annually) effective oct 1, 2024.
  1. Listed by Edmond Khudyan • DRE #01196809 • Brokerage DRE #01079007 • Coldwell Banker Hallmark • 818-919-0600

Property Details for 4214 South Avalon Boulevard

View
None
Parking Spaces Total
18
Private Pool
No
Total Units
10.0
Lot Size Source
Assessor
Property Attached YN
true
Common Walls
2+ Common Walls
New Construction
No

Location

Listing Courtesy of Coldwell Banker Hallmark, Edmond Khudyan, DRE #01196809
Add your commute
LISTING UPDATED: 04/23/2024 12:48 AM

Property Details for 4214 South Avalon Boulevard

StatusActive Under Contract
MLS #GD24056505
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1995
Lot Size0.27 AC / 11,960 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Hallmark, Edmond Khudyan, DRE #01196809
Add your commute

Building Information for 4214 South Avalon Boulevard

Stories2Residences-Year Built1995Building Size-Lot Size0.27 AC / 11,960 SF

Payment Calculator

$16,070 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,821

Property Taxes

$249

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4214 South Avalon Boulevard

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $261,612
  • Gross Spendable Income: $261,612
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $253,764
  • Net Operating Income: $169,136
  • Laundry Income: $0
  • Gross Multiplier: 11.08
  • Cap Rate: 5.83
Expense Details
  • Operating Expense: $84,628
  • New Taxes Expense: $36,238
  • Gardener Expense: $1,200
  • Fuel Expense: $4,440
  • Licenses Expense: $650
  • Pest Control Expense: $2,350
  • Pool Expense: $0
  • Security Expense: $0
  • Electric Expense: $1,558
  • Insurance Expense: $13,400
  • Maintenance Expense: $7,850
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $0
  • Trash Expense: $4,440
  • Water Sewer Expense: $11,740
  • Supplies Expense: $0
  • Total Expenses: $84,628
Tax / Assessment Info
  • Tax Block: A
  • Tax Tract Number: 3225
  • Tax Census Tract: 2283.20
  • CFD/Mello-Roos Fee: $1,405
  • Tax Lot: 4
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Gas Dryer Hookup, Individual Room
Exterior Features
  • Entry Location: Street
  • Pool Features: None
  • Pool: N/K
Land/Lot Info
  • Additional Parcels Description: 5115006034
  • Lot Features: 0-1 Unit/Acre
  • Land Lease: No
  • Levels: Two
  • Sewer: Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Uncovered Spaces: 18
  • Parking Features: Assigned, Tandem Uncovered
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,122
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,638
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,052
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 2
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,052
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 3
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,642
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 4
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,650
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 5
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,642
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 6
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,800
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 7
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,403
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 8
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,800
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 10
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1

Property History for 4214 South Avalon Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4214 South Avalon Boulevard

Taxable ValueLand$231,034Additions-Total$231,034
Tax Record2023$2,985 ($249 / month)
Home Facts
Lot Size5,979 SqFtStyleIndustrialZoningLAC2CountyLOS ANGELESAPN5115-006-034

Schools near 4214 South Avalon Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Harmony Elementary School
PublicK to 5

Our Community Charter School
CharterK to 8

Nava College Preparatory Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Hallmark, Edmond Khudyan, DRE #01196809

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.