Duplex with Private
For Sale
$1,199,997
8315 Avalon, Los Angeles, CA 90003
Two residential units offer private garages, in-unit laundry, and contemporary floor plans.
Property Size3,580 SF
Days on Market141
Property Features for 8315 Avalon
General Information
Standard status
Active
Size
3,580 SF
Total Parking Spaces
2
Property subtype
MULTI_FAMILY
Units
Unit Mix
2 x 4BR/3BA
Multifamily Units
2
Parking per Unit
1
Amenities
in-unit laundry
Building Details
Building Size
3,580 SF
Year Built
2013
Buildings
1
Listing Agency:
Will Wheaton Real Estate
(213) 445-2277
Listed By:
Willie Wheaton · License #01857540
Source:
Milsteinestates
Added: Mar 23
Changed: Aug 9
Last Checked: Aug 9 at 3:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Will Wheaton Real Estate
Investment Insights
Based on property information with market context.
Constructed in 2013, this duplex contains two four-bedroom, three-bathroom residences. Each unit includes its own garage, in-unit laundry, and a contemporary floor plan with substantial living space. The configuration supports separate residential occupancy within one property while retaining distinct unit amenities.
The property is located at 8315 Avalon in Los Angeles, CA 90003. The surrounding area provides access to commuter routes, retail, schools, and neighborhood services.
The property is located at 8315 Avalon in Los Angeles, CA 90003. The surrounding area provides access to commuter routes, retail, schools, and neighborhood services.
Key Highlights
- Two‑unit duplex built in 2013
- Each unit offers 4 bedrooms and 3 bathrooms
- Private garage provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,044
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,620,880
$1.6M
Cap Rate 7%
$1,157,771
$1.2M
Cap Rate 9%
$900,489
$900.5K
Market Conditions
NOI Build-Up for 3,580 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$118.1K $33.00/SF
− Vacancy
−$2.4K −$0.66/SF
EGI
$115.8K $32.34/SF
− OpEx
−$34.7K −$9.70/SF
NOI
$81.0K $22.64/SF
Area
ZIP 90003
Vacancy
2.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,620,880
Cap Rate 7%
$1,157,771
Cap Rate 9%
$900,489
Alternative Uses
Best Use
Apartment 5plus
$63.29M
$55.38M – $73.84M
NOI $4,430,444 @ 7.0% cap · market cap 369.20%
Second Best
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $81,044 @ 7.0% cap · market cap 6.75%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,120
Businesses Nearby
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer private garages, in-unit laundry, and contemporary floor plans.
Where is this duplex located?
The property is located at 8315 Avalon Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,199,997.
What are key features of this property?
This property features: Two‑unit duplex built in 2013; Each unit offers 4 bedrooms and 3 bathrooms; Private garage provided for each unit
