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$969,000   Price Analysis
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11822 S Avalon Blvd
Los Angeles, CA 90061
Unknown bed None bath 4,527 SqFt ($214/SqFt)
0.25 acre lot. Built 1906
Listed 2022-12-07, Taxes $11,811		Ⓧ USDA Ineligible
due to price & location
near Athens

ATTENTION DEVELOPERS AND INVESTORS!!!

* No Longer For Sale *
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This 12-unit rooming house is a great, low-maintenance investment opportunity with a CAP rate of 5.73%. There are 6 units on each level that share 2 bathrooms and 1 kitchen. The corner lot itself is exceptionally large, 10, 729 sqft, in a southeast Los Angeles neighborhood close to Magic Johnson park. The property is convenie ntly located close to the 105 and 110 freeways making it less than 10 miles to LAX and downtown LA and 7 miles from the new home of the LA Rams and Chargers. The nearest metro stop, the Avalon Station on the Green Line, is less than 2 blocks away, making it easy for those needing public transportation. It is commercially zoned as LAC2 (or LAR4) and in the Transit Oriented Communities (TOC Tier 3) Incentive Program allowing for infinite development possibilities with many incentives to be taken advantage of. Developers can start from scratch (up to 50 units), add additional units or build another structure. A lot of value-add opportunities here!

Plumbing has recently been updated with a copper/ pex hybrid system and all new ABS drain lines. Additinally, a new fence has been installed around the entire property.





Property MLS #PW20029488 from CRMLS

2 Staircases
Flooring: Laminate, Tile, Wood

Laundry Features: Gas Dryer Hookup, Washer Hookup

Heating Features: Wall Furnace
Heating: Yes

Carport Spaces: 1
Parking Features: Parking YN: Y, Parking Features: Unpaved
Parking Total: 10

Lot Description: Agricultural - Tree/Orchard, Corner Lot, Lot 10000-19999 Sqft, Rectangular Lot, Level, Yard
Lot Size Acres: 0.2463
Lot Size Source: Assessor
Lot Size Square Feet: 10729

Number of Units: 12

Calculated Total Monthly Association Fees: 0
Maintenance Expense: 1445.00

Number of Units Leased: 12
Vacancy Allowance: 2605

Community Features: Curbs, Sidewalks

Source Listing Status: Closed
County: Los Angeles
Cap Rate: 5.73
Other Expense: 846.00
Source Property Type: Residential Income
Insurance Expense: 3127.00
Area: WATT - Watts
Source Neighborhood: WATT - Watts
New Taxes Expense: 12112.00
Number of Separate Electric Meters: 1
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 6084004032
Pest Control Expense: 195.00
Postal Code Plus 4: 2835
Zoning: LAC2/LAR4
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2022$310,080 + $612,000
$922,080		$11,811
2021$304,000 + $600,000
$904,000		$11,651
2020$350,198 + $318,362
$668,560		$9,044
2019$129,286 + $323,216
$452,502		$6,330
2018$126,751 + $316,879
$443,630		$6,178
2017$124,266 + $310,666
$434,932		$6,053
2016$121,830 + $304,575
$426,405		$5,873
2015$41,923 + $22,414
$64,337		$1,553
2014$41,102 + $21,975
$63,077		$1,574
2013$40,917 + $21,876
$62,793		$1,569
2012$40,115 + $21,448
$61,563		$1,583
2010$39,329 + $21,028
$60,357		$1,585
2009$39,129 + $20,921
$60,050		$1,530
2009$39,036 + $20,871
$59,907		$1,530
2008$38,362 + $20,511
$58,873		$1,487
2007$37,610 + $20,109
$57,719		$1,422

Sold 2020-12-07
$904,000
CRMLS
Listing removed 2018-10-19
$699,000
CRISNET
Sold 2017-06-22
$630,000
CRMLS
Sold 2016-07-25
$630,000
Public Record
Price Changed 2016-05-18
$649,999
CRMLS
Listed 2016-04-28
$799,000
CRMLS
Listing removed 2015-09-10
$699,000
CRISNET
Price Changed 2015-09-04
$699,000
CRISNET
Listed 2015-06-16
$650,000
CRISNET
Listing removed 2015-04-17
$450,000
TheMLSCLAW
Price Changed 2014-10-08
$450,000
TheMLSCLAW
Listed 2014-06-20
$425,000
TheMLSCLAW
Listing removed 2013-05-18
$425,000
TheMLSCLAW
Listing removed 2013-05-17
$425,000
ITECH
Listed 2012-12-20
$425,000
ITECH
Listed 2012-12-20
$425,000
TheMLSCLAW
Listing removed 2011-09-14
$399,000
TheMLSCLAW
Listing removed 2011-09-08
$399,000
ITECH
Listing removed 2011-03-03
$399,000
TheMLSCLAW
Listed 2010-09-08
$399,000
ITECH
Listed 2010-09-08
$399,000
TheMLSCLAW
Listed 2010-09-08
$399,000
TheMLSCLAW

Net Operating Income: 55501.00

Total Square Feet Living: 4527
Year Built: 1906
Building Features: 1
Common Walls: No Common Walls
Property Age: 116
Roof: Shingle
Levels or Stories: Two
Year Built Source: Public Records

Electric Expense: 10989.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Water Source: Public

2+ Access Exits

One Hundred Sixteenth Street Elementary School is a public elementary school located approximately 0.3 miles away.
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Samuel Gompers Middle School is a public middle school located approximately 0.6 miles away.
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Animo Watts College Preparatory Academy is a public high school located approximately 0.5 miles away.
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Los Angeles Adventist Academy is a private elementary and middle school located approximately 0.8 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.