Alta Realty Group Ca, Inc
Tom Fecske, Alta Realty Group Ca, IncPhone: (213) 219-9098
Email: tom.altarealty@gmail.com
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listing
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Residential IncomeFor Sale
$2,690,000
4214 Avalon Boulevard
Los Angeles, CA 90011
Listed by Edmond Khudyan DRE#01196809 edmondkhudyan@gmail.com Coldwell Banker Hallmark
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$13,985/mo

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 6.38 CAP & 7.1 CAP AS OF NOV 1, 2024 RENT INCREASE. SEE ATTACHED SAPPLEMENTS. $269K PER UNIT & $276 PSF. THE PROPERTY WAS APPRAISED 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 NEW LAUNDRY MACHINES. RENTS WILL INCREASE BY $1,474 ($17,688 ANNUALLY) EFFECTIVE NOV 1, 2024. THE PROPERTY IS BEING SELF MANAGED.

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