5937 Avalon Boulevard Los Angeles, CA 90003

183798100 33.98635 -118.26553 124 /listing/183798100-150176058/5937-avalon-boulevard-los-angeles-ca-90003 False 0 4450000.0 105 PW17181554 True
$4,450,000
  • Est payment $23888.56/mo

Property & Neighborhood Info

Courtesy Of Carlos Skubacz, RE/MAX 2000

Multi-Family in Los Angeles

This building is a 2 story walk up with 4 stairways located on 59th St, Avalon and the rear of the building. The unit mix is comprised of 9-One bedroom/one bath, 13-Studios, & 9-commercial units. Due do the age of the property it is subject to rent control for the apartments. Utilities are separately metered for gas and electricity. The building rents out the 10 parking spaces in the rear to the tenants. There is a long term lease of the parking lot which owner pays the neighboring property. There is a laundry room for tenants to use that generates income and a leasing office that can be use for collection of rents and management. Parts of the building was updated in the last 10 years. This 31 unit mixed use building is 28,648 square feet. The property is ideally situated just south of the downtown business district and east of the 110 freeway. As market conditions continue to improve, the property will allow for rental increases for both the apartments and the commercial spaces. There is currently a mortgage balance of approximately $2,000,000 at a rate of 4.3%. This loan is assumable. Must qualify with bank. Do not walk or enter property without prior consent.

Courtesy Of Carlos Skubacz, RE/MAX 2000

Main Features

  • Listing Status: Contract Pending
  • Year Built: 1920
  • Floors: 2
  • County: Los Angeles
  • Units: 31
  • Zoning: LACM
  • MLS Number:PW17181554

Additional Features

  • Flooring:
    • Carpet
    • Laminate
    • Tile
  • Laundry:
    • Community
  • Laundry Equipment:
    • Own
  • Common Walls:
    • 2+ common walls
  • Levels:
    • Two
  • Roof:
    • Spanish Tile
    • Flat
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Exterior Features:
    • Awning
  • Land Size Source:
    • Assessor
  • Lot Features:
    • Corner Lot
    • Lot 10000-19999 Sqft
  • Pool Features:
    • None
  • Parking:
    • Assigned
  • Parking Spaces:
    • 10.00
  • Heating:
    • Wall Heater
  • Utilities:
    • Water Available
    • Sewer Connected
    • Phone Available
  • Community Features:
    • Curbs
    • Street Lighting
    • Sidewalks
    • Storm Drains
  • Number of Buildings:
    • 1
  • Gross Income:
    • 9000.00
  • Net Operating Income:
    • 313616.00
  • CDOM:
    • 84
  • Special Conditions:
    • Standard
  • Tenant Pays:
    • Gas
    • Parking Fee
    • Electricity
  • Fuel Exp:
    • 648.00
  • Insurance Expense:
    • 10700.00
  • Lot Size Square Feet:
    • 16284.00
  • Maintenance Exp:
    • 5000.00
  • Number Of Units Leased:
    • 31
  • Operating Expense:
    • 157972.00
  • Other Income/Mo:
    • 6000.00
  • Price Per SQFT:
    • 155.33
  • Tax ID:
    • 6006032028
  • Total Expenses:
    • 157972.00
Neighborhood info courtesy of Homes.com © 2018

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Carlos Skubacz
Carlos Skubacz
Associate
(714) 290-0936 (626) 964-8999

Let us help you!

5937 Avalon Boulevard Los Angeles, CA 90003

183798100 33.98635 -118.26553 124 /listing/183798100-150176058/5937-avalon-boulevard-los-angeles-ca-90003 False 0 4450000.0 105 PW17181554 True
  • $4,450,000
  • Est payment $23888.56/mo