Two-Story 10-Plex Apartment
8717 Avalon, Los Angeles, CA 90003
For Sale
$1,999,900
Two-story, 10-unit apartment building near transportation, shopping, and freeways.
Property Size5,704 SF
Days on Market287
Property Features for 8717 Avalon
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
First Team Real Estate
Listed By:
John Muller · License CA #01301369
(586) 436-3295
Source:
Archetyperealty
Added: Feb 2
Changed: Nov 10
Last Checked: Nov 14 at 12:28PM
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 First Team Real Estate
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Investment Insights
Based on property information with market context.
This two-story apartment building contains 10 units. Each unit features two bedrooms, a full bathroom, a kitchen, a dining area, and a living room. The building's exterior has been recently painted to match the neighboring 10-plex. The rent rolls show 90% occupancy for 90% of the calendar year. Vacant units are upgraded with new paint, carpet, flooring, kitchens, and bathrooms as needed. A 500-gallon hot water system supports the building. The roof has been recently serviced for preventative maintenance. The parking lot has been restriped to provide one space per apartment, with additional spaces available. The structure insurance has been recently renewed. The parking area is gated and features exterior lighting. The property is located within walking distance of transportation stops, shopping, and restaurants, and is close to freeway transportation routes and access ramps.
Key Highlights
- High occupancy rate: 90% occupancy for 90% of the year.
- Units are upgraded upon vacancy: Includes paint, carpet, flooring, kitchens and bathrooms as needed.
- Gated parking with exterior lighting: Provides security for tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,782
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,835,640
$1.8M
Cap Rate 7%
$1,311,171
$1.3M
Cap Rate 9%
$1,019,800
$1.0M
Market Conditions
NOI Build-Up for 5,704 SF
Gross rent
$181.4K $31.80/SF
− Vacancy
−$14.5K −$2.54/SF
EGI
$166.9K $29.26/SF
− OpEx
−$75.1K −$13.17/SF
NOI
$91.8K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,835,640
Cap Rate 7%
$1,311,171
Cap Rate 9%
$1,019,800
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,782 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,681 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
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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
$547,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story, 10-unit apartment building near transportation, shopping, and freeways.
Where is this apartment building located?
The property is located at 8717 Avalon Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,999,900.
What are key features of this property?
This property features: High occupancy rate: 90% occupancy for 90% of the year.; Units are upgraded upon vacancy: Includes paint, carpet, flooring, kitchens and bathrooms as needed.; Gated parking with exterior lighting: Provides security for tenants.
