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    11911 Avalon Blvd

    Los Angeles, CA 90061
    • $699,000
    • STATUS: Active
    • ON SITE: 30 days
    • ID#: 20-601556
    UPDATED: 6 min ago
    $699,000
    • 2
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,000
      SQFT
    • $350
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    Great mixed use property with stable tenants. Fast Food Restaurant in front and two Residential units in the back each 1 Bed + 1 Bath. Restaurant has been in business for over 20 years, very well known and is part of the neighborhood recently with new management and update. Property has long drive way with plenty of parking spaces. It is a very well kept property, Great visibility, HIGH RETURN, Easy to manage with lots of potential for extra income. Commercial Front unit: $1,850/mo; 1+1 Back unit: $1650; 1+1 Back Unit: $1,404 total monthly rent $ 4,904, Yearly Gross income $ 58,840 ACTUAL CAP RATE % 6 Current GRM; 11.8, MUST SEE.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-08T22:42:35.113. 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. Properties may or may not be listed by the office/agent presenting the information.
    www.corrieluxuryhomes.com/homes/107651055
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    11911 Avalon Blvd Los Angeles, CA 90061

    • Price: $699,000
    • Status: Active
    • Updated: 6 min ago
    • ID#: 20-601556
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    2,000
    SQFT
    $350
    $/SQFT
    1930
    Built
    Neighborhood:
    Metropolitan South
    County:
    Los Angeles
    Area:
    Metropolitan South
    Property Description
    Great mixed use property with stable tenants. Fast Food Restaurant in front and two Residential units in the back each 1 Bed + 1 Bath. Restaurant has been in business for over 20 years, very well known and is part of the neighborhood recently with new management and update. Property has long drive way with plenty of parking spaces. It is a very well kept property, Great visibility, HIGH RETURN, Easy to manage with lots of potential for extra income. Commercial Front unit: $1,850/mo; 1+1 Back unit: $1650; 1+1 Back Unit: $1,404 total monthly rent $ 4,904, Yearly Gross income $ 58,840 ACTUAL CAP RATE % 6 Current GRM; 11.8, MUST SEE.
    Exterior Features

    Lot Size Area 5010 Other Structures Other Parking Garage AssignedCarport Total Parking 5

    Interior Features

    Baths Total 3.00 Cooling Wall/Window Equipment Cable Flooring Mixed Heating WallWall Gas

    Property Features

    Gross Income 58848 Gross Operating Income 58848 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 42526.00 Number Of Buildings 2 Number Of Units 3 Owner Pays Water Sale Type Standard Source Living Area Other Source Lot Size Area Vendor Enhanced Total Annual Expense 16326 Type Of Units Mix Use Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lac2

    Listing provided courtesy of Eliza Kerndian DRE#01398836 of Keller Williams Realty Westside.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-08T22:42:35.113. 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. Properties may or may not be listed by the office/agent presenting the information.
     
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