Great upleg opportunity. Diversify your portfolio with this well-maintained mixed-use building in southeast LA. The building was substantially renovated between 2004-2007. This mixed-use building offers a diverse array of income streams. The building consists of 22 residential units (9 one bedroom units & 13 singles) and 10 commercial units. The commercial units include: a market/store, juice store/restaurant, discount retail store, hair salon, apparel manufacturing, & multiple warehouses. There is on-site coin laundry, potentially rentable secure storage rooms, and one warehouse space not currently leased. The current Cap Rate is 7.4% (based on current property tax rate) and approximate GRM of 9.76, the Pro Forma Cap Rate is 7.23% (based on future property tax rate) and the Pro Forma GRM is 8.88. All units are leased except 1 commercial unit (small warehouse), which may or may not be leased prior to COE. Tenants pay their own utilities, except water and trash. Each unit is separately metered for gas and electric. Buyer is advised to independently verify all aspects of the property. Zoned LACM for commercial/ofc/residential mixed-use. Price per SF: $139.
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, Listed on
JAMES TRIPODES, License# 01455574,
JOHN AAROE GROUP INC.
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5937 Avalon Boulevard, Los Angeles, CA 90003 is a 9 bedroom property for sale.
This Los Angeles, CA Multi-Family home
has a lot size of 16,284 Sq. Ft. and
has been on ZipRealty.com for 10 days.
5937 Avalon Boulevard
was built in 1920 and
is currently listed for $3,995,000.
The 5937 Avalon Boulevard Los Angeles, CA 90003 listing is provided courtesy of JOHN AAROE GROUP INC..
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