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4214 Avalon Blvd, Los Angeles, CA 90011
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4214 Avalon Blvd Los Angeles, CA 90011

$2,865,000
  • 19 Beds
  • 12 Baths
  • 9,746 Sq.Ft.
For Sale
$2,865,000 Get Pre-Qualified
Map preview of 4214 Avalon Blvd, Los Angeles, CA 90011

Property Overview: 4214 Avalon Blvd Los Angeles, CA has 19 bedrooms, 12 bathrooms, 9,746 living square feet and 11,960 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: ***AS OF 5/8/24 SELLER IS UNDER CONTRACT AT LIST PRICE BUT CAN ENTERTAIN ANOTHER OFFER AND CANCEL CURRENT ESCROW. SELLER IS LOOKING FOR AN OFFER WITH NO 1031 CONTINGENCY *** 10 UNIT BUILT 1995. ACROSS FROM KEDREN COMMUNITY AND HEALTH CARE CLINC. THE AREA HAS IMPROVED SUBSTANTIALLY AND CONTINUING TO IMPROVE YEAR BY YEAR. LARGE UNITS WITH 18 TANDEM PARKING. 3 UNITS ARE 15% BELOW MARKET RENTS. RARE VACANCIES. CAPITAL IMPROVEMENTS IN 2023. CURRENTLY 5.92 CAP & 6.58 CAP AS OF OCT 1, 2024 RENT INCREASE. SEE ATTACHED SAPPLEMENTS. $286K PER UNIT & $294 PSF, BELOW REPLACEMENT COST. IN 2019, THE PROPERTY WAS APPRAISED BY IN 2019 BY MALAGA BANK @ $2.8M WHEN GROSS RENT WAS $208K. PLEASE DO NOT DISTURB THE TENANTS. LISTING AGENT IS THE OWNER. LAUNDRY ROOM HAS W/D HOOK UP READY FOR NEW LAUNDRY MACHINES. RENTS WILL INCREASE BY $1,624 ($19,488 ANNUALLY) EFFECTIVE OCT 1, 2024.

Listed by Edmond Khudyan | BRE #01196809 | Coldwell Banker Hallmark
Last checked: 10 minutes ago | Last updated: May 8th, 2024 | Source CRMLS | DOM: 46
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Home details

Lot Sq. Ft
11,960
HOA Dues
$0/mo
Year built
1995
Garage
--
Property Type:
Apartment
Status
Active
MLS#
GD24056505
City
Los Angeles
County
Los Angeles
Time on Site
59 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
  • # of Leased Units: 10
  • # of Electric Meters: 11
  • # of Gas Meters: 11
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,052
  • Total Rent: --
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: --
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: --
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,122
  • Total Rent: --
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,638
  • Total Rent: --
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,052
  • Total Rent: --
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,642
  • Total Rent: --
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,642
  • Total Rent: --
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,800
  • Total Rent: --
  • Pro Forma/Market Rent: $2,900
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,403
  • Total Rent: --
  • Pro Forma/Market Rent: $2,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.92%
  • Gross Rent Multiplier: 10.95
  • Gross Scheduled Income: $261,612
  • Net Operating Income: $169,136
  • Gross Operating Income: $253,764
  • Gross Spendable Income: $261,612
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $84,628
  • Electric: $1,558
  • Gas/Fuel: $4,440
  • Licenses: $650
  • New Taxes: $36,238
  • Trash: $4,440
  • Gardener: $1,200
  • Insurance: $13,400
  • Maintenance: $7,850
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $11,740

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Property Details for 4214 Avalon Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup, Gas Dryer Hookup, Individual Room
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 18
  • Has Parking
  • Parking Features: Assigned, Tandem Uncovered
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 10
  • Parcel Number: 5115006035
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of 42nd st. East of 110
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 4214 Avalon Blvd

Last sold on October 31st, 2014

  • April, 2024

  • Apr 1, 2024

    Date

    Active

    CRMLS: GD24056505

    $2,899,000

    Price

  • October, 2014

  • Oct 31, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2014

  • Jul 10, 2014

    Date

    Price Change

    CRMLS: 214026448

    $1,459,000

    Price

  • Listing provided courtesy of CRMLS

    1995 Built 10 units and no rent conrol. Seller spent over $100,000 in most recent repairs. All units have been well upgraded and free from all city related issues. 9.9 GRM and 6.4 CAP on current income. Master water heater and seller pays for it. Each unit pays for own gas and electric. Great unit mix 2x3+2, 5x2+1 and 3x1+1 units.

  • December, 2013

  • Dec 9, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 4214 Avalon Blvd

Assessed Value (2020): $1,401,143
Year Land Value Improved Value Assessed Value
2020 $219,787 $1,181,356 $1,401,143

Home Value Compared to the Market

This property vs the competition

4214 Avalon Blvd is listed 129.2% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $293.97 per/sqft which puts the price per square foot 62.17% lower than the median price per square foot for the city of Los Angeles.

About 4214 Avalon Blvd

Detailed summary of property

4214 Avalon Blvd is a apartment located in Los Angeles, CA 90011 and is currently for sale. This apartment offers 19 bedrooms, 12 bathrooms, roughly 9,746 living square feet, and sits on an approximately 11,960 square foot lot. 4214 Avalon Blvd was first listed on ArdentRealEstateGroup.com on March 21, 2024. The homeowner is currently asking $2,865,000 and was originally asking $2,899,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 129.2% higher than the median priced home. Local competing homes currently for sale include 1470 W Adams Blvd, 3987 Dalton Ave and 645 S Los Angeles St. While the average home in Los Angeles, CA is selling in 92 days, 4214 Avalon Blvd has a days on market of 46 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 4214 Avalon Blvd Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4214 Avalon Blvd

Public county record property details
Beds
20
Baths
12
Year built
1995
Sq. Ft.
9,746
Lot Size
5,979
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5115-006-035

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$649,000
Median List Price/Sq.Ft.
$462
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
43
Median Sale to List Price %
104.76%
Avg Days on Market
54
Loan Type
Conventional (33.33%), FHA (25%), VA (0%), Cash (33.33%), Other (8.33%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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