Two-Story 10-Plex Apartment
8711 Avalon Los Angeles, CA 90003
8711 Avalon, Los Angeles, CA, 90003
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For Sale
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Pending
Two-story, ten-unit apartment building near transportation, shopping, and freeways.
Days on Market186
Property Features for 8711 Avalon
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing agency
First Team Real Estate
Listed by
John Muller · License #01301369
Source
Crexi
Added: Jan 16 Updated: Jul 10 at 1:10PM Checked: Jul 19 at 8:44AM
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Investment Insights
Based on property information with market context.
This is a two-story, ten-unit apartment building where all units feature two bedrooms, a full bath, a kitchen, a dining area, and a living room. The building has been recently painted to match the neighboring ten-plex. Occupancy is at 90% for 90% of the calendar year. Vacant units are upgraded with paint, carpet, flooring, kitchens, and bathrooms as needed. A 500-gallon hot water system supports the building. The roof was recently serviced for preventative maintenance. The parking lot has been restriped with one space per apartment, with additional spaces available. Structure insurance was recently renewed. The parking area is gated and has exterior lighting. The property is within walking distance of transportation stops, shopping, and restaurants and is close to freeway transportation routes and access ramps.
Key Highlights
- 90% Occupancy Rate: Consistent high occupancy indicates strong rental demand.
- Upgraded Units: Attract and retain tenants with ongoing upgrades to paint, carpet, flooring, kitchens, and bathrooms.
- Walking Distance to Amenities: Proximity to transportation, shopping, and restaurants enhances tenant appeal.
Property Analytics
Property Profile
Location Intelligence
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FAQs
What type of property is this?
Apartment building - Two-story, ten-unit apartment building near transportation, shopping, and freeways.
Where is this apartment building located?
The property is located at 8711 Avalon Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 90% Occupancy Rate: Consistent high occupancy indicates strong rental demand.; Upgraded Units: Attract and retain tenants with ongoing upgrades to paint, carpet, flooring, kitchens, and bathrooms.; Walking Distance to Amenities: Proximity to transportation, shopping, and restaurants enhances tenant appeal.
