For Sale

5937 Avalon Blvd
Los Angeles, CA 90003

Bd   — Ba   28,648 Sqft    14 Days
This building is a 2 story walk up with 4 stairways located on 59th St, Avalon and the rear of the building. The unit mix is comprised of 9-One bedroom/one bath, 13-Studios, & 9-commercial units. Due do the age of the property it is subject to rent control for the apartments. Utilities are separately metered for gas and electricity. The building rents out the 10 parking spaces in the rear to the tenants. There is a long term lease of the parking lot which owner pays the neighboring property. There is a laundry room for tenants to use that generates income and a leasing office that can be use for collection of rents and management. Parts of the building was updated in the last 10 years. This 31 unit mixed use building is 28,648 square feet. The property is ideally situated just south of the downtown business district and east of the 110 freeway. As market conditions continue to improve, the property will allow for rental increases for both the apartments and the commercial spaces. There is currently a mortgage balance of approximately $2,000,000 at a rate of 4.3%. This loan is assumable. Must qualify with bank. Do not walk or enter property without prior consent.
  • $0 HOA
  • $155/Sqft
  • MLS#PW17181554 provided by Carlos Skubacz of RE/MAX 2000
  • Movoto last checked CRMLS for new data 11 hours ago
  • CRMLS last updated this listing 1 week ago

Home Features for 5937 Avalon Boulevard , Los Angeles

Year Built: 1920
Lot Size Acres: 0.37
Lot Size Square Feet: 16284
Lot Size Units: Square Feet
Lot Size Area: 16284
Price Per Square Foot: 155.33
Tax Lot: 3
Tax Tract Number: 2392
New Taxes Expense: 56515
Parcel Number: 6006032028
Tax Census Tract: 2392.02
Special Listing Conditions: Standard
Standard Status: Active
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Property History for 5937 Avalon Boulevard, Los Angeles

Status
Date
Price
Listed
Aug 7, 2017
$4,450,000
#PW17181554
Listed
Oct 17, 2016
$3,995,000
#316009767

Mortgage Rates for 5937 Avalon Boulevard, Los Angeles

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Real Estate Market Statistics for 5937 Avalon Boulevard, Los Angeles

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5937 Avalon Boulevard

No data!
List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$4.45M

5937 Avalon Boulevard

$375K

CANNDU

0% y/y

CANNDU

$369K

90003

4% y/y

90003

$985K

Los Angeles

-1% y/y

Los Angeles

See all trends for Los Angeles
As of , there are 29 properties listed for sale in ZIP code 90003 and 2,031 properties listed for sale in the city of Los Angeles, CA. Those 2,031 properties include 1,410 single family homes and 621 condos. This property at 5937 Avalon Blvd in 90003 is currently listed for $4,450,000. This is 352% above the median price of $985,500 for Los Angeles and 1103% above the median of $369,900 for 90003. 5937 Avalon Blvd is approximately 28,648 Sqft, which is 1586% above the Los Angeles median of 1,699 and 2378% above the 90003 ZIP code median of 1,156. This property's price per square foot is $155, which is 51% below the median price in 90003 of $317 and 74% below the Los Angeles median of $602 per Sqft.
Built in 1920, this multi family house at 5937 Avalon Blvd is approximately 28,648 square feet and comes with 10 parking spots. It is listed on 08/07/2017 with a cost per Sqft of $155. 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 has been on the market for 14 days. The median days on the market for properties in this area is 39 with a median list price of $985,500 and median cost per square foot of $602. It's currently listed as active under the MLS #PW17181554.

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