Two-Unit Duplex with Gated
For Sale
$899,000
9212 Avalon, Los Angeles, CA 90003
Separate utility meters and rear parking support independent operation of the two residences.
Property Size2,622 SF
Lot Size0.07 Acres
Price / SF$342.87
Days on Market75
Property Features for 9212 Avalon
General Information
Standard status
Active
Size
2,622 SF
Lot size
0.07 Acres
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Elysian Valley
Public Transit
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Individually Metered Utilities
electric, gas, water
Amenities
laundry hookups
gated parking area
Building Details
Building Size
2,622 SF
Year Built
2006
Buildings
1
Listing Agency:
Nanda Realty Inc.
Listed By:
Vibhor Vineet · License #02098451
(562) 405-4854
Source:
Condosalesexperts
Added: Aug 14
Changed: Oct 27
Last Checked: Oct 26 at 3:34PM
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 Nanda Realty Inc.
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Investment Insights
Based on property information with market context.
Built in 2006, this duplex contains approximately 2,622 square feet on a 3,000-square-foot lot. Each residence has three bedrooms and two bathrooms, tile and laminate flooring, granite countertops in the kitchen and bathrooms, and laundry hookups. The upper unit has been renovated, and one unit is vacant. Separate electric, gas, and water meters serve the property; the owner pays no utilities. A gated parking area at the rear accommodates multiple vehicles.
The property is in Los Angeles, near shopping, schools, public transportation, and dining. LAX Airport, downtown Los Angeles, and SoFi Stadium are also identified as nearby destinations.
The property is in Los Angeles, near shopping, schools, public transportation, and dining. LAX Airport, downtown Los Angeles, and SoFi Stadium are also identified as nearby destinations.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- Approximately 2,622 square feet on a 3,000‑square‑foot lot
- Built in 2006; upper unit recently renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,357
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,187,140
$1.2M
Cap Rate 7%
$847,957
$848.0K
Cap Rate 9%
$659,522
$659.5K
Market Conditions
NOI Build-Up for 2,622 SF
Gross rent
$86.5K $33.00/SF
− Vacancy
−$1.7K −$0.66/SF
EGI
$84.8K $32.34/SF
− OpEx
−$25.4K −$9.70/SF
NOI
$59.4K $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%
$1,187,140
Cap Rate 7%
$847,957
Cap Rate 9%
$659,522
Alternative Uses
Best Use
Apartment 5plus
$46.36M
$40.56M – $54.08M
NOI $3,244,867 @ 7.0% cap · market cap 360.94%
Second Best
Multifamily LT 5
$848.0K
$742.0K – $989.3K
NOI $59,357 @ 7.0% cap · market cap 6.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
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
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters and rear parking support independent operation of the two residences.
Where is this duplex located?
The property is located at 9212 Avalon Los Angeles, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; Approximately 2,622 square feet on a 3,000‑square‑foot lot; Built in 2006; upper unit recently renovated
