12/28/2023
Open House: Cash Cow w/ 9% CAP & GRM 8.87!!!
9214 Avalon Blvd, LA | $830,000 (potential total monthly rent $7,800 w/ Section 8 tenants)
Duplex in South LA, 3BD+2BA Each Unit | 2,622 sf | 2,999 sf lot
Open House will be on Saturday, 1/6, 2pm-4pm, and shown by appointments.
This well-maintained duplex built in 2006, not subject LA City rent control, features two spacious units, each 3BD+2BA, the property is perfect for investors or owner-user. The upper unit is currently vacant, providing immediate occupancy or customization possibilities, while the lower will be vacant soon, with Section 8 each unit will rent at $3,900, $7,800 gross monthly rents. The lower tenant is in the process of finding a new home. Rear alley parking access for both units. Both units have been moderately updated, with laminate hardwood throughout. Conveniently located near markets, shopping, schools, public transportation, freeways, and Downtown LA.