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7900 Avalon BLVD Los Angeles, CA 90003
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Key Details
Sold Price $825,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB25055888
Year Built 1947
Lot Size 4,504 Sqft
Property Sub-Type Mixed Use
Property Description
7900 Avalon is a newly renovated triplex with a commercial space, situated on the corner of Avalon Blvd and 79th Street. Generating strong income, the property operates at a 7.09% cap rate and a 9.53 GRM. The commercial space features prime frontage along Avalon, while alley access provides additional convenience at the rear of the property.
Built in 1947, the buildings are subject to LARSO, with all units separately metered for utilities. The unit mix includes (2) one-bedroom, one-bath units, (1) three-bedroom, one-bath unit, and (1) commercial space. The property also offers six onsite parking spaces, which present potential for ADU conversion.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAC2
Interior
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Pool None
Community Features Biking, Curbs, Sidewalks
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Special Listing Condition Standard
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Bought with Jack Toro • WERE REAL ESTATE