5 months on rocket

8018 Avalon Blvd, Los Angeles, CA, 90003

$1,150,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
4 Baths
1,664 SqFt
$691/SqFt
House

Location

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8018 Avalon Blvd, Los Angeles$1,150,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDriveway
Year Built1934
FireplaceNone
ViewNone
MLS #24416211
Lot Size0.09 Acres
StatusActive

About 8018 Avalon Blvd

Back on the Market Buyer failed to perform...Exceptional Opportunity: Own 4 Units (Currently 1 Vacant) in Los Angeles! This property is prime for Section 8 rentals with estimated rental income of approximately $10,214 per in place income + payment standard for 2bd unit, yielding an impressive CAP rate of 7.9% - a rarity in today's market! Property features brand new roofs, new windows, stylish new kitchen cabinets, and elegant quartz countertops. The front two units offer high ceilings creating a loft-like atmosphere, and built-in laundry hook ups, while the back units benefit from a convenient community laundry space. All units come equipped with new tankless water heaters, stoves, refrigerators, microwaves and mini-split AC/heating systems. Upgrades include new electrical systems and 400 amp panels, and 100% new pex plumbing and state of the art fire sprinkler system (insurance carriers love). All units individually metered for gas and electric. With all units currently vacant great opportunity for buyer to vet their own tenants and have a passive rent generating machine with no headaches or maintenance calls. The seller is also pursuing Section 8 rental approval, allowing for the potential of selling with tenants already in place. At this time Three units has been placed under contract with section 8 and is paying. Don't miss this exceptional opportunity to choose your own tenants in a highly sought-after location!

Property Details

Property Features

Property Information:

  • Architectural Style: Spanish
  • Year Built: 1934
  • Stories: 0
  • Living Area: 1,664 SqFt

Listing Office:

  • Office Name: Engel & Volkers Beverly Hills
  • Office Phone: (310) 777-7510
  • Listing Agent: Edmar Costa

Interior Features

Interior Information:

  • Appliances: Electric Cooktop, Refrigerator, Dryer, Washer
  • Interior: Ceiling Fan(s), High Ceilings
  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot: Back Yard, Landscaped
  • Lot Size: 0.09 Acres

Other

Directions Information:

  • Directions: North of Manchester Ave. and South of Florence Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,150,000
  • Price Per SqFt: $691/SqFt

Tax Information:

  • Annual Amount: $4,189
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

8018 Avalon Blvd vs Los Angeles

151 DAYS ON ROCKET

+113 Days

$1,150,000

+$128.4K More

$691/SqFt

+$51 More

KEY TAKEAWAY

This property is $128.4K more than the Median Sold Price and $51/SqFt more than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24416211

Listing Office:

  • Office Name: Engel & Volkers Beverly Hills
  • Office Phone: (310) 777-7510
  • Listing Agent: Edmar Costa

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 7:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 04, 2015Home Sold
$300,000
Jan 22, 2013Home Sold
$155,500
Mar 09, 2000Home Sold
$160,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,189$328,415
2020$4,064$325,048
2019$4,022$318,362
2018$3,936$312,120
2017$3,936$306,000

History based on county public records data.

Payment Calculator

$5,807

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,514

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1054579
3
/10

  • McKinley Avenue Elementary School

  • 7812 McKinley Ave

  • 0.29 miles

  • Public District Grades KG-6

school-card-donut-1054580
3
/10

  • South Park Elementary School

  • 8510 Towne Ave

  • 0.36 miles

  • Public District Grades KG-6

school-card-donut-1054581
4
/10

  • Wisdom Elementary School

  • 1125 E 74th St

  • 0.72 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,941. The majority of Los Angeles, CA residents have income between $35k-100k annually. The most common type of family is married, with kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8018 Avalon Blvd

What is the listing price of this property?

The listing price of 8018 Avalon Blvd property is $1,150,000.

What type of property is this?

The property 8018 Avalon Blvd is a house located in Los Angeles, California, 90003.

Is this property for sale now?

Active Listing: 8018 Avalon Blvd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $4,189 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 4, 2015 for $300,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 8018 Avalon Blvd has 5 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 8018 Avalon Blvd is 1,664 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8018 Avalon Blvd is 1934.

Rocket Homes›California›Los Angeles County›Los Angeles›90003›8018 Avalon Blvd

This home is located at 8018 Avalon Blvd in Los Angeles, CA and zip code 90003 in the South LA neighborhood. This 1,664 square foot home, which was built in 1934, sits on a 0.09 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 24, 2024 and is currently priced at $1,150,000.

Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. While the average time on the market in November 2024 was 38 days, the median list price was $1,021,532.

From Rocket Homes Real Estate and based on county public records data.

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