Listing provided courtesy of Edmond Khudyan of Coldwell Banker Hallmark. Last updated 2024-05-20 08:11:32.000000. Listing information © 2023 CRMLS.

Asking Price: $2,865,000

4214 Avalon, Los Angeles CA 90011

Community: ​C42 - Downtown L.A.

Status: Active

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This Apartment property was built in 1995 and is priced at $2,865,000. Please see the additional details below.
  • 0 Sq Ft
  • 0 bathrooms
  • 0 bedrooms
  • MLS#: 372538482
  • Type: Apartment
  • Year Built: 1995
***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 & 6.58 CAP AS OF OCT 1, 2024 RENT INCREASE. SEE ATTACHED SAPPLEMENTS. $286K PER UNIT & $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 NEW LAUNDRY MACHINES. RENTS WILL INCREASE BY $1,624 ($19,488 ANNUALLY) EFFECTIVE OCT 1, 2024.

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424-345-1600