MarketPier

11924 AVON Way - Los Angeles, CA 90066

$2,730,000
Listing Description

Two story 10 unit apartment building in prime area. Earthquake retrofit completed. Great unit mix of nine 1-bedrooms and one 2-bedroom. 10 off street parking spaces, 8 of which are gated. On-site laundry (no lease, machines included in sale). Low maintenance, well maintained property. Can be delivered with one vacant unit (1+1). Master metered for water, electric and gas. 11937 Avon Way across the street (18 units) also available. Can be sold together or separately.

Listing Information
MLS Number
19533310
APN/Parcel ID
4233020022
Type
Multifamily
Sub Type
Multifamily
Building Size
5,676 sqft
Lot Size
8,366 sqft
Price / SQFT
$481
No Units
10
Price / Unit
$273,000
Gross Income
$175,008
Total Expenses
$60,960
Net Income
$114,048
Rent Multiplier
15.6
Cap Rate
4.18%
Listing Date
11/29/2019
Days Active
12
Last Updated
12/12/2019
Listing Provided By
Ryan Morehead
B Squared Realty Westside
BRE# 01374532

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