StatusAccepting Backup Offers (Active Under Contract)
About 8018 Avalon Blvd
Back on the Market Buyer failed to performance...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 $10,273 per payment standard, yielding an impressive CAP rate of 8% - 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 $2,407. 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.
This property is $126.5K more than the Median Sold Price and $50/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
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: 11/22/2024, 8:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 04, 2015
Dec 04, 2015Home Sold
$300,000
Jan 22, 2013
Jan 22, 2013Home Sold
$155,500
Mar 09, 2000
Mar 09, 2000Home Sold
$160,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
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.
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NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
McKinley Avenue Elementary School
7812 McKinley Ave
Distance between this listing and this school0.29 miles
Public District Grades KG-6
3
/10
South Park Elementary School
8510 Towne Ave
Distance between this listing and this school0.36 miles
Public District Grades KG-6
4
/10
Wisdom Elementary School
1125 E 74th St
Distance between this listing and this school0.72 miles
Public District Grades PK-6
Nearby Schools
3
/10
Kipp Philosophers Academy
8300 S Central Ave
Distance between this listing and this school0.53 miles
Public Charter Grades 5-8
5
/10
Watts Learning Center Charter Middle School
8800 S San Pedro St
Distance between this listing and this school0.65 miles
Public Charter Grades 6-8
2
/10
Drew Middle School
8511 Compton Ave
Distance between this listing and this school0.97 miles
Public District Grades 7-8
Nearby Schools
2
/10
John Hope Continuation
7840 Towne Ave
Distance between this listing and this school0.18 miles
Public District Grades 9-12
3
/10
John C. Fremont High School
7676 S San Pedro St
Distance between this listing and this school0.38 miles
Public District Grades 9-12
2
/10
Dymally High School
8800 S San Pedro St
Distance between this listing and this school0.65 miles
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. Most families are 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?
Accepting Backup Offers: 8018 Avalon Blvd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
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.
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.
While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. In October 2024 median list price was $1,023,474 and the average listing age was 38 days.
From Rocket Homes Real Estate and based on county public records data.