5937 Avalon Blvd
Los Angeles, CA 90003

Bd   — Ba   28,648 Sqft
Great upleg opportunity. Diversify your portfolio with this well-maintained mixed-use building in southeast LA. The building was substantially renovated between 2004-2007. This mixed-use building offers a diverse array of income streams. The building consists of 22 residential units (9 one bedroom units & 13 singles) and 10 commercial units. The commercial units include: a market/store, juice store/restaurant, discount retail store, hair salon, apparel manufacturing, & multiple warehouses. There is on-site coin laundry, potentially rentable secure storage rooms, and one warehouse space not currently leased. The current Cap Rate is 7.4% (based on current property tax rate) and approximate GRM of 9.76, the Pro Forma Cap Rate is 7.23% (based on future property tax rate) and the Pro Forma GRM is 8.88. All units are leased except 1 commercial unit (small warehouse), which may or may not be leased prior to COE. Tenants pay their own utilities, except water and trash. Each unit is separately metered for gas and electric. Buyer is advised to independently verify all aspects of the property. Zoned LACM for commercial/ofc/residential mixed-use. Price per SF: $139.
  • Neighborhood: CANNDU
  • Days on Movoto: 253
  • Year Built: 1920
  • HOA: $0 HOA
  • $/Sqft: $139
  • Lot: 16,284 Sqft
  • Property Type: Multi Family
  • MLS#: 316009767
  • MLS:
  • Listing Office: John Aaroe Group Inc
  • Listed By: James Tripodes

Home Features for 5937 Avalon Boulevard, Los Angeles

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Property History for 5937 Avalon Boulevard, Los Angeles

Status
Date
Price
Listed
Oct 17, 2016
$3,995,000
#316009767

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YOU
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5937 Avalon Blvd
  • $3,995,000
  • DELISTED

    253 days

  • — Bd
  • — Ba
  • 28,648 Sqft
  • $139 /Sqft
  • 16,284 Sqft Lot
  • Built 1920
Built in 1920, this multi family house at 5937 Avalon Blvd, Los Angeles CA, 90003 is approximately 28,648 square feet and does not come with a parking spot. It was last listed with a cost per Sqft of $139. 5937 Avalon Blvd is located in the CANNDU neighborhood in the Los Angeles Unified School District. The closest school is Los Angeles Academy Middle.

5937 Avalon Blvd, Los Angeles CA, 90003 was on the market for 253 days. The median days on the market for properties in this area is 40 with a median list price of $950,000 and median cost per square foot of $612. Its current status is removed under the MLS #316009767.

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