4-Unit Multifamily
For Sale
$839,000
8706 Avalon, Los Angeles, CA 90003
The Los Angeles property contains four residential units.
Property Size2,022 SF
Price / SF$414.94
Days on Market8
Property Features for 8706 Avalon
General Information
Standard status
Active
Size
2,022 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Year Built
1947
Listing Agency:
Realty One Group United
Listed By:
William Ramirez williamramirez@myyahoo.com
Source:
Viewsandiegohouses
Added: Oct 6
Changed: Oct 11
Last Checked: Oct 12 at 8:23PM
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 Realty One Group United
Investment Insights
Based on property information with market context.
This 4-unit multifamily property at 8706 Avalon in Los Angeles contains 2,022 square feet. The building dates to 1947.
Key Highlights
- Four residential units
- 2,022 square feet
- Built in 1947
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,774
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$915,480
$915.5K
Cap Rate 7%
$653,914
$653.9K
Cap Rate 9%
$508,600
$508.6K
Market Conditions
NOI Build-Up for 2,022 SF
Gross rent
$66.7K $33.00/SF
− Vacancy
−$1.3K −$0.66/SF
EGI
$65.4K $32.34/SF
− OpEx
−$19.6K −$9.70/SF
NOI
$45.8K $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 Rate 5%
$915,480
Cap Rate 7%
$653,914
Cap Rate 9%
$508,600
Alternative Uses
Best Use
Apartment 5plus
$35.75M
$31.28M – $41.71M
NOI $2,502,334 @ 7.0% cap · market cap 298.25%
Second Best
Multifamily LT 5
$653.9K
$572.2K – $762.9K
NOI $45,774 @ 7.0% cap · market cap 5.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
765
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?
Quadplex - The Los Angeles property contains four residential units.
Where is this quadplex located?
The property is located at 8706 Avalon Los Angeles, CA.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Four residential units; 2,022 square feet; Built in 1947
