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4701 Avalon Blvd, Los Angeles, CA 90011
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4701 Avalon Blvd Los Angeles, CA 90011

$1,000,000
  • 6 Beds
  • 4 Baths
  • 2,000 Sq.Ft.
For Sale
$1,000,000 Get Pre-Qualified
Map preview of 4701 Avalon Blvd, Los Angeles, CA 90011

Property Overview: 4701 Avalon Blvd Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,000 living square feet and 6,205 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: Here is a unique opportunity to own a multi-family home as well as a small auto dealership that is lucrative. Owner has acquired all of the necessary permits and is running a successful dealership on the premises. The Business may be negotiated with the sale. Pending city approval, owner will transfer all permits to the new owner. Currently, the 4th unit is being used as the office for the dealership. All tenants are in good standing. Drive by for now, all showings must be coordinated with the tenants.

Listed by Frank Parra | BRE #01324312 | Century 21 Masters
Co-listed by Hilda Avila | BRE #01434259 | Century 21 Masters
Last checked: 10 minutes ago | Last updated: April 23rd, 2024 | Source CRMLS | DOM: 9
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Home details

Lot Sq. Ft
6,205
HOA Dues
$0/mo
Year built
1930
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
CV24072791
City
Los Angeles
County
Los Angeles
Time on Site
20 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Actual Rent: $1,800
  • Total Rent: --
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $1,150
  • Total Rent: --
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: --
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Actual Rent: $700
  • Total Rent: --
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $37,200
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $2,400
  • Water/Sewer: $0

Open Houses for 4701 Avalon Blvd

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Property Details for 4701 Avalon Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5109019027
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: 10 west, exit San Pedro Street to Avalon Blvd
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 4701 Avalon Blvd

Last sold for $125,000 on October 30th, 2003

  • April, 2024

  • Apr 22, 2024

    Date

    Active

    CRMLS: CV24072791

    $1,000,000

    Price

  • February, 2020

  • Feb 6, 2020

    Date

    Canceled

    CRMLS: CV19134954

    $825,000

    Price

  • Oct 1, 2019

    Date

    Price Change

    CRMLS: CV19134954

    $825,000

    Price

  • Sep 19, 2019

    Date

    Price Change

    CRMLS: CV19134954

    $850,000

    Price

  • Jul 10, 2019

    Date

    Price Change

    CRMLS: CV19134954

    $875,000

    Price

  • Jun 26, 2019

    Date

    Price Change

    CRMLS: CV19134954

    $898,000

    Price

  • Jun 8, 2019

    Date

    Active

    CRMLS: CV19134954

    $948,000

    Price

  • Listing provided courtesy of CRMLS

    REDUCED PRICE! Major upside opportunity - This 4-Plex is located within an Enterprise Zone and is primed with an open lot to potentially build additional units. Zoned C-2/R-4, the Property resides within a Tier 2 TOD designation that provides for density bonuses and currently contains three residential tenants + one unit that operates as an office/dealership; the office user will vacate, opening one unit to lease at market rate. Lack of housing and virtually no new pending supply makes this a prime development, redevelopment, or expansion opportunity. Buyers to conduct due diligence to satisfy themselves of all development potential.

  • February, 2020

  • Feb 6, 2020

    Date

    Canceled

    CRMLS: CV19131563

    $825,000

    Price

  • Oct 1, 2019

    Date

    Price Change

    CRMLS: CV19131563

    $825,000

    Price

  • Sep 19, 2019

    Date

    Price Change

    CRMLS: CV19131563

    $850,000

    Price

  • Jul 10, 2019

    Date

    Price Change

    CRMLS: CV19131563

    $875,000

    Price

  • Jun 26, 2019

    Date

    Price Change

    CRMLS: CV19131563

    $898,000

    Price

  • Jun 5, 2019

    Date

    Active

    CRMLS: CV19131563

    $948,000

    Price

  • Listing provided courtesy of CRMLS

    REDUCED PRICE! Major upside opportunity - This 4-Plex is located within an Enterprise Zone and is primed with an open lot to potentially build additional units. Zoned C-2/R-4, the Property resides within a Tier 2 TOD designation that provides for density bonuses and currently contains three residential tenants + one unit that operates as an office/dealership; the office user will vacate, opening one unit to lease at market rate. Lack of housing and virtually no new pending supply makes this a prime development, redevelopment, or expansion opportunity. Buyers to conduct due diligence to satisfy themselves of all development potential.

  • March, 2008

  • Mar 18, 2008

    Date

    Expired

    CRMLS: 12103362

    $685,000

    Price

  • Dec 18, 2007

    Date

    Active

    CRMLS: 12103362

    $695,000

    Price

  • Listing provided courtesy of CRMLS

    Very nice remodeled mix use units, owner is using one as a car dealer other 3 unit's as residences, good traffic area for any type of business, buyer to check with the city what type of business are permited.

  • October, 2003

  • Oct 30, 2003

    Date

    Sold (Public Records)

    Public Records

    $125,000

    Price

  • March, 2001

  • Mar 19, 2001

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 4701 Avalon Blvd

Assessed Value (2020): $162,492
Year Land Value Improved Value Assessed Value
2020 $155,998 $6,494 $162,492

Home Value Compared to the Market

This property vs the competition

4701 Avalon Blvd is listed 18.37% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $500 per/sqft which puts the price per square foot 35.4% lower than the median price per square foot for the city of Los Angeles.

About 4701 Avalon Blvd

Detailed summary of property

4701 Avalon Blvd is a fourplex located in Los Angeles, CA 90011 and is currently for sale. This fourplex offers 6 bedrooms, 4 bathrooms, roughly 2,000 living square feet, and sits on an approximately 6,205 square foot lot. 4701 Avalon Blvd was first listed on ArdentRealEstateGroup.com on April 12, 2024. The homeowner is currently asking $1,000,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 18.37% lower than the median priced home. Local competing homes currently for sale include 3811 Trinity St, 1247 E Vernon Ave and 4206 Naomi Ave. While the average home in Los Angeles, CA is selling in 96 days, 4701 Avalon Blvd has a days on market of 9 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 4701 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 4701 Avalon Blvd

Public county record property details
Beds
--
Baths
--
Year built
1930
Sq. Ft.
2,000
Lot Size
6,203
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
110
APN
5109-019-027

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
$620,000
Median List Price/Sq.Ft.
$460
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
40
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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