Great mixed use property with stable tenants. Fast Food Restaurant in front and two Residential units in the back each 1 Bed + 1 Bath. Restaurant has been in business for over 20 years, very well known and is part of the neighborhood recently with new management and update. Property has long drive way with plenty of parking spaces. It is a very well kept property, Great visibility, HIGH RETURN, Easy to manage with lots of potential for extra income. Commercial Front unit: $1,850/mo; 1+1 Back unit: $1650; 1+1 Back Unit: $1,404 total monthly rent $ 4,904, Yearly Gross income $ 58,840 ACTUAL CAP RATE % 6 Current GRM; 11.8, MUST SEE.
Off market
$605,800
11911 Avalon Blvd, Los Angeles, CA 90061
2beds
3baths
2,000sqft
MultiFamily
Built in 1930
-- sqft lot
$605,800 Zestimate®
$303/sqft
$3,046 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
Heating
- Gas
Cooling
- Wall
Interior area
- Total interior livable area: 2,000 sqft
Property
Parking
- Total spaces: 5
- Parking features: Carport
Lot
- Size: 5,009 sqft
Details
- Additional structures: Other
- Parcel number: 6083029003
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1930
Community & neighborhood
Location
- Region: Los Angeles
Other
Other facts
- County: Los Angeles
- Heating: Wall, Wall Gas
- ListingStatus: Active
- PropertyType: Residential Income
- Cooling: Wall/Window
- SourceLotSizeArea: Vendor Enhanced
- ParkingGarage: Assigned, Carport
- Equipment: Cable
- SourceLivingArea: Other
- ListingArea: Metropolitan South
- Flooring: Mixed
- Country: US
- UnitTypeType: 2106, 2107, 2108
- OtherStructures: Other
Services availability
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Estimated market value
$605,800