We are pleased to present a mixed use income opportunity located in the South Park neighborhood of Los Angeles. This opportunity is great for investors looking for a high vacancy opportunity as it will be delivered 80% VACANT at the close of escrow. The building is located just 2 miles from Exposition Park and less than 3 miles from USC. The building consists of 39 residential units (13 SRO units with shared baths, 13 studios with no kitchens, 12 regular studios, and one 1 BD/1BA) and three retail units (all on month to month leases). 31 of the 39 residential units will be delivered VACANT. Please see rent roll for the complete breakdown of the units. This is an excellent opportunity for savvy investors looking to capture immediate upside in rents for strong cash flow. Contact listing agent for more details!
Off market
$4,312,000
5119 Avalon Blvd, Los Angeles, CA 90011
--beds
0baths
17,359sqft
MultiFamily
Built in 1924
-- sqft lot
$4,312,000 Zestimate®
$248/sqft
$2,711 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
 
Cooling
- Other
 
Interior area
- Total interior livable area: 17,359 sqft
 
Property
Lot
- Size: 0.32 Acres
 
Details
- Parcel number: 5109023004
 
Construction
Type & style
- Home type: MultiFamily
 
Condition
- Year built: 1924
 
Community & neighborhood
Location
- Region: Los Angeles
 
Other
Other facts
- County: Los Angeles
 - ListingStatus: Active
 - PropertyType: Residential Income
 - Equipment: Other
 - Cooling: Other
 - SourceLivingArea: Title Company
 - SourceLotSizeArea: Vendor Enhanced
 - Heating: Other
 - ListingArea: Downtown L.A.
 - UnitTypeType: 2106, 2107, 2108, 2109
 
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Estimated market value
$4,312,000