7500 Avalon Blvd, Los Angeles, CA 90003
$123K/Unit | 100% 2-Bedroom Units | 8-Unit Multifamily
Marketing description
7500 Avalon Blvd is an 8-unit apartment property comprised entirely of 2-bedroom / 1-bath units, offered at $985,000, or $123,125 per unit and $216 per square foot. The property generates $102,885 in scheduled gross income and is currently operating at a 5.33% cap rate and 9.57 GRM.
The investment thesis is straightforward: acquire at a low basis, preserve existing cash flow, and increase income through unit turnover and renovation. The uniform unit mix, separate gas and electric meters, and on-site parking support simple day-to-day operations, while LAC2 zoning provides additional long-term flexibility.
Investment highlights
INVESTMENT HIGHLIGHTS
- ○ New Price: $985,000 | $123,125 Per Unit
- ○ 5.33% Current Cap Rate | 9.57 GRM
- ○ 100% Two-Bedroom Unit Mix
- ○ Real In-Place Income with Upside Through Turnover
- ○ LAC2 Zoning with Long-Term Redevelopment Flexibility
- ○ Separate Gas & Electric Meters | 8 On-Site Parking Spaces
FINANCIAL SNAPSHOT
Price: $985,000
Price / Unit: $123,125
Current Cap Rate: 5.33%
GRM: 9.57
Scheduled Gross Income: $102,885
Average Current Rent: $1,072 / Unit
Estimated Market Rent: ~$2,450 / Unit
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