$10,000 Closing Credit¹
Luis Enriquez, Listing Office: Power Brokers
#24416211·
Listing Office: Engel & Volkers Beverly Hills·
Listing Agent: Edmar Costa·
Listing Office Phone: 310-777-7510
$10,000
closing credit¹
8018 Avalon Blvd Los Angeles, CA 90003
$1,150,000 List price
$10,000
Closing credit¹
5 beds
4 baths
1,664 sqft
0.09 acres
$691 / sqft
House
Property details
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. 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!
Highlights
Home typeOther
StatusActive
Size1,664 sqft
Lot size0.0919 Acres
Year built1934
ParkingDriveway
MLS #24416211
Summary
- MLS Number: 24416211
- MLS Name: CRMLS
- 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: 1/20/2025, 1:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,150,000
8018 Avalon Blvd
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 04, 2015 | Home Sold | $300,000 |
| Jan 22, 2013 | Home Sold | $155,500 |
| Mar 09, 2000 | Home Sold | $160,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2021 | $328,415 | $4,188 |
| 2020 | $325,048 | $4,064 |
| 2019 | $318,362 | $4,022 |
| 2018 | $312,120 | $3,936 |
| 2017 | $306,000 | $3,936 |
History based on county public records data.
Nearby schools
3
McKinley Avenue Elementary School
Public District KG-6
0.3 mi
•7812 McKinley Ave
3
South Park Elementary School
Public District KG-6
0.4 mi
•8510 Towne Ave
4
Wisdom Elementary School
Public District PK-6
0.7 mi
•1125 E 74th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $42,941. Most Los Angeles, CA residents have annual incomes between $35k-100k. Typical family type is married, with kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
40%
<35k
51%
35k-100k
9%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
30%
Single, No Kids
28%
Single, with Kids
10%
Married, No Kids
32%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
24%
<11 yrs old
14%
12-17 yrs old
27%
18-34 yrs old
30%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Where do the neighbors shop?
Ross Dress For Less
Foot Locker
Burlington
Where do the neighbors go to eat?
Jack In The Box
Little Caesars
White Castle
What do the neighbors drive?
Nissan
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 8018 Avalon Blvd
This home is located at 8018 Avalon Blvd in Los Angeles, CA and zip code 90001 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 524 listings in Los Angeles, CA in December 2024 were sold above asking price, there were more than 203 listings sold at asking price, and more than 740 were sold below. In December 2024 in Los Angeles, CA there were 5.3% less homes for sale than in November. In December 2024, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $1,026,634.
From Rocket Homes Real Estate and based on county public records data.