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$2,865,000   Price Analysis
Agent Details  share icon   ♡  map icon  QR
4214 Avalon Blvd
Los Angeles, CA 90011
19 bed 12 bath 9,746 SqFt ($293/SqFt)
0.27 acre lot. Built 1995
Listed 2024-04-01, Taxes $18,220		Ⓧ USDA Ineligible
due to price & location
near Los Angeles

AS OF 5/8/24 SELLER IS UNDER CONTRACT AT LIST PRICE BUT CAN ENTERTAIN ANOTHER OFFER AND CANCEL CURRENT ESCROW.

SELLER IS LOOKING FOR AN OFFER WITH NO 1031 CONTINGENCY 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 5.92 CAP and 6.58 CAP AS OF OCT 1, 2024 RENT INCREASE. SEE ATTACHED SAPPLEMENTS. $286K PER UNIT and $294 PSF, BELOW REPLACEMENT COST. IN 2019, THE PROPERTY WAS APPRAISED BY IN 2019 BY MALAGA BANK @ $2.8M WHEN GROSS RENT WAS $208K. PLEASE DO NOT DISTURB THE TENANTS. LISTING AGENT IS THE OWNER. LAUNDRY ROOM HAS W/D HOOK UP READY FOR CONTEMPORARY LAUNDRY MACHINES. RENTS WILL INCREASE BY $1, 624 ($19, 488 ANNUA LLY) EFFECTIVE OCT 1, 2024.


Presented by Edmond Khudyan at
Coldwell Banker Hallmark.


Property MLS #GD24056505 from CRMLS

Bedrooms: 19

Laundry Features: Gas & Electric Dryer Hookup, Gas Dryer Hookup, Individual Room

Full Bathrooms: 12

Additional Parcels Description: 5115006034
Additional Parcels: Yes
Lot Description: 0-1 Unit/Acre
Lot Size Acres: 0.2746
Lot Size Source: Assessor
Lot Size Square Feet: 11960

Parking Features: Parking YN: Yes, Parking Features: Assigned, Tandem Uncovered
Parking Total: 18

Number of Units: 10
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 3
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 2
Bedrooms in Unit-7: 1
Bedrooms in Unit-8: 3
Bedrooms in Unit-9: 2
Bedrooms in Unit-10: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 2
Total Bathrooms in Unit-9: 1
Total Bathrooms in Unit-10: 1

Gardener Expense: 1200.00
Maintenance Expense: 7850.00

Number of Units Leased: 10
Tenant Pays: Cable TV, Electricity, Gas
Rent Control: Yes

Community Features: Sidewalks

Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.92
Source Property Type: Residential Income
Insurance Expense: 13400.00
Area: C42 - Downtown L.A.
Source Neighborhood: C42 - Downtown L.A.
New Taxes Expense: 36238.00
Number of Separate Electric Meters: 11
Number of Separate Gas Meters: 11
Number of Separate Water Meters: 1
Parcel Number: 5115006035
Pest Control Expense: 2350.00
Postal Code Plus 4: 5600
Trash Expense: 4440.00
Zoning: LAC2
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2022$1,217,465 + $226,504
$1,443,969		$18,220
2021$1,193,594 + $222,063
$1,415,657		$17,953
2020$1,181,356 + $219,787
$1,401,143		$18,121
2019$1,158,193 + $215,478
$1,373,671		$17,436
2018$1,135,484 + $211,253
$1,346,737		$17,311
2017$1,113,220 + $207,111
$1,320,331		$16,907
2016$1,091,393 + $203,050
$1,294,443		$16,437
2015$1,075,000 + $200,000
$1,275,000		$16,208
2014$800,000 + $200,000
$1,000,000		$13,269
2013$413,437 + $473,277
$886,714		$11,938
2012$405,331 + $463,998
$869,329		$12,096
2010$397,384 + $454,900
$852,284		$11,793
2009$395,352 + $452,574
$847,926		$11,373
2009$394,415 + $451,501
$845,916		$11,373
2008$387,600 + $443,700
$831,300		$11,541
2007$576,562 + $81,457
$658,019		$8,687

Price Changed 2024-05-08
$2,865,000
CRMLS
Listed 2024-04-01
$2,899,000
CRMLS
Sold 2014-10-31
$1,475,000
ITECH
Listed 2014-07-10
$1,459,000
ITECH
Sold 2007-03-01
$1,100,000
ITECH
Listed 2006-09-25
$1,200,000
ITECH
Sold 1992-07-02
$140,000
Public Record
Sold 1990-03-19
$23,000
Public Record

Net Operating Income: 169136.00

Total Square Feet Living: 9746
Year Built: 1995
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Street
Property Age: 29
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor

Electric Expense: 1558.00
Sewer: Sewer: Sewer Paid, Water Sewer Expense: 11740.00
Water Source: Public

Harmony Elementary School is a public elementary school located approximately 0.3 miles away.
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George Washington Carver Middle School is a public middle school located approximately 0.4 miles away.
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Nava College Preparatory Academy is a public high school located approximately 0.8 miles away.
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Victory Baptist Day Elementary School is a private elementary, middle and high school located approximately 0.7 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.