Address
11822 S Avalon Boulevard Los Angeles, CA
Price
$ 969,000
Property Attributes
  • MLS#PW20029488
  • TypePending
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaWatts
  • Zip90061
  • Style
  • Price$ 969,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4527
  • Lot Size10,729 SqFt
Listing Provided Courtesy Of:
Chris Thompson with Realty One Group Diamond.
Property Description

***ATTENTION DEVELOPERS AND INVESTORS!!!*** This 12-unit rooming house is a great, low-maintenance investment opportunity with a CAP rate of 5.73%. There are 6 units on each level that share 2 bathrooms and 1 kitchen. The corner lot itself is exceptionally large, 10,729 sqft, in a southeast Los Angeles neighborhood close to Magic Johnson park. The property is conveniently located close to the 105 and 110 freeways making it less than 10 miles to LAX and downtown LA and only 7 miles from the new home of the LA Rams and Chargers. The nearest metro stop, the Avalon Station on the Green Line, is less than 2 blocks away, making it very easy for those needing public transportation. It is commercially zoned as LAC2 (or LAR4) and in the Transit Oriented Communities (TOC Tier 3) Incentive Program allowing for endless development possibilities with many incentives to be taken advantage of. Developers can start from scratch (up to 50 units), add additional units, or build another structure. A lot of value-add opportunities here! Plumbing has recently been updated with a copper/ pex hybrid system and all new ABS drain lines. Additionally, a new fence has been installed around the entire property.

Price History
2/18/2020 Listed $969,000

General Features

Accessibility 2+ Access Exits
Assessments Buyer to Verify
Attached Structure Detached
Carport Spaces 1.00
Community Features Curbs, Sidewalks
Cooling None
Directions On the Northeast corner of Avalon Blvd and 118th Pl
Flooring Laminate, Tile, Wood
Garage Spaces 0.00
HOA Fee 0.00
Heating Wall Furnace
Interior Features 2 Staircases
Levels Two
Listagentaor Pacific West
Listing Agent Chris Thompson - BRE#02053580
Listing Agent State License 02053580
MLS Area WATT - Watts
Number of Units Leased 12
Parking Features Unpaved
Pool Features None
Price Per Square Foot 214.05
Roof Shingle
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 12
Zoning LAC2/LAR4

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls No Common Walls
Heating Y/N Yes
Laundry Features Gas Dryer Hookup, Washer Hookup
Laundry Y/N Yes
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 4527.00
Lot Features Agricultural - Tree/Orchard, Corner Lot, Lot 10000-19999 Sqft, Rectangular Lot, Level, Yard
Lot Size Acres 0.2463
Lot Size Area 10729.0000
Lot Size Source Assessor
Lot Size Square Feet 10729.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 1
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Parking Y/N Yes
Total Parking 10.00
Uncovered Spaces 9.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90061

Price
AVG $540K
$970K
Visits
AVG 37
141
Year Built
AVG 1956
1906
Walkscore
AVG 57
50
Data Provided by Walkscore ® not using MLS data

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