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4355 Avalon Blvd, Los Angeles, CA 90011
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4355 Avalon Blvd Los Angeles, CA 90011

$1,000,000
  • 6 Beds
  • 5 Baths
  • 3,521 Sq.Ft.
For Sale
$1,000,000 Get Pre-Qualified
Map preview of 4355 Avalon Blvd, Los Angeles, CA 90011

Property Overview: 4355 Avalon Blvd Los Angeles, CA has 6 bedrooms, 5 bathrooms, 3,521 living square feet and 4,620 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: We are pleased to present 4355 S Avalon Blvd, a 6-unit mixed-use property located in the Historic South Central neighborhood of South LA. The property is comprised of 5 apartments (including a fully permitted detached ADU built in 2022) and 1 commercial unit. The building has an excellent unit mix of (1) Studio, (2) 1 Bed, 1 Bath units, (2) 2 bed/1 Bath units, and (1) Commercial unit, currently leased to a market. This rare investment opportunity offers strong cash flow and significant rental upside potential in a central South LA location. 4355 S Avalon Blvd is centrally located just 2.4 miles from USC and 3.5 miles from Downtown with convenient access to the 110 freeway and walkability to Gilbert Lindsay Recreation Center, South Park Recreation Center, and George Washington Carver Middle School.South Los Angeles has seen significant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average 2-bedroom market rents reaching $2,300-$2,600 and Section 8 Voucher Payment Standards rising up to $3,052. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.

Listed by Brandon Evans | BRE #02058494 | Rosano Partners
Last checked: 1 minute ago | Last updated: June 25th, 2024 | Source CRMLS | DOM: 45
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Home details

Lot Sq. Ft
4,620
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24391909
City
Los Angeles
County
Los Angeles
Time on Site
45 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $848
  • Total Rent: $848
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,322
  • Total Rent: $2,643
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,637
  • Total Rent: $3,273
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $2,176
  • Total Rent: $2,176
  • Pro Forma/Market Rent: $2,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.13%
  • Gross Rent Multiplier: 9.32
  • Gross Scheduled Income: --
  • Net Operating Income: $61,310
  • Gross Operating Income: $107,283
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 4355 Avalon Blvd

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Property Details for 4355 Avalon Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Gas Range, Range
Interior Features
  • Levels: One
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 5113014005
  • Year Built Source: Assessor
  • Property Condition: Additions/Alterations
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Avalon Blvd & Vernon Ave
View more facts & features

Local Los Angeles Agent

Sale History for 4355 Avalon Blvd

Last sold for $675,000 on April 27th, 2018

  • May, 2024

  • May 14, 2024

    Date

    Active

    CRMLS: 24391909

    $1,100,000

    Price

  • April, 2018

  • Apr 27, 2018

    Date

    Sold

    CRMLS: PW17271774

    $675,000

    Price

  • Mar 15, 2018

    Date

    Pending

    CRMLS: PW17271774

    $675,000

    Price

  • Dec 15, 2017

    Date

    Active

    CRMLS: PW17271774

    $675,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present this great investment opportunity. 3,238 square feet of mixed-use building. Mini-Market, 2 singles, and 2 one bedroom units. 7.5% Cap rate. Just nort of the Avalon/Vernon intersection.

  • April, 2018

  • Apr 27, 2018

    Date

    Sold (Public Records)

    Public Records

    $675,000

    Price

  • December, 2009

  • Dec 10, 2009

    Date

    Sold (Public Records)

    Public Records

    $100,000

    Price

  • July, 2007

  • Jul 29, 2007

    Date

    Expired

    CRMLS: 12086258

    $599,000

    Price

  • Jan 29, 2007

    Date

    Active

    CRMLS: 12086258

    $599,000

    Price

  • Listing provided courtesy of CRMLS

    Res/Cm'l mixed use building. Perez Market is on a month to month rental agreement. Units in the back are two 2br/1ba and two singles. Electrical upgrade. Master gas meter for residential units. 2 Car garage accesible through alley.

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Tax History for 4355 Avalon Blvd

Assessed Value (2020): $702,270
Year Land Value Improved Value Assessed Value
2020 $369,342 $332,928 $702,270

Home Value Compared to the Market

This property vs the competition

4355 Avalon Blvd is listed 19.94% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $284.01 per/sqft which puts the price per square foot 63.49% lower than the median price per square foot for the city of Los Angeles.

About 4355 Avalon Blvd

Detailed summary of property

4355 Avalon Blvd is a multi family located in Los Angeles, CA 90011 and is currently for sale. This multi family property offers 6 bedrooms, 5 bathrooms, roughly 3,521 living square feet, and sits on an approximately 4,620 square foot lot. 4355 Avalon Blvd was first listed on ArdentRealEstateGroup.com on May 14, 2024. The homeowner is currently asking $1,000,000 and was originally asking $1,100,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 19.94% lower than the median priced home. Local competing homes currently for sale include 3703 Maple Ave, 1162 E Martin Luther King Jr Blvd and 1162 E Martin Luther King Jr Blvd. While the average home in Los Angeles, CA is selling in 98 days, 4355 Avalon Blvd has a days on market of 45 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 4355 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 4355 Avalon Blvd

Public county record property details
Beds
--
Baths
--
Year built
1905
Sq. Ft.
2,918
Lot Size
4,620
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
5113-014-005

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
$640,000
Median List Price/Sq.Ft.
$486
Median Sold Price
$555,000
Median Sold Price/Sq.Ft.
$484
Total Inventory
47
Median Sale to List Price %
100%
Avg Days on Market
12
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (0%), Other (25%)

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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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