$950,000
- Beds
- Unknown
- sq ft
- 3,521
4355 Avalon Blvd, Los Angeles, CA 90011
4355 Avalon Blvd
Los Angeles, CA 90011
- 130 days on market
- Price drop $50,000↓
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.
Details
Property type
Lot size
4,620 sq ft
Price per sq ft
$270
Year built
1905
HOA
No
Price History
09/17/2024
CLAW #24391909
Listed
$950,000
09/15/2024
CLAW #24391909
Removed
$950,000
08/05/2024
CLAW #24391909
Price change
$950,000
-5%
Schools & Community
Neighborhood:
Southeast Los Angeles
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Gated
Community features:
Gated
Status: Active
Tomo last checked: 09/20/2024 at 11:50 PM
Listing updated: 09/17/2024 at 11:19 AM
Listed by: Brandon Evans, Rosano Partners Phone #: (213) 802-0305
MLS: CLAW #24391909
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