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Key Details
Sold Price $825,000
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 2,167 sqft
Price per Sqft $380
MLS Listing ID SB-25055888
Sold Date 05/19/25
Year Built 1947
Lot Size 4,506 Sqft
Property Sub-Type Commercial/Residential
Property Description
7900 Avalon is a newly renovated triplex with a commercial space, situated on the corner of Avalon Blvd and 79th Street. Generating strong income, the property operates at a 7.09% cap rate and a 9.53 GRM. The commercial space features prime frontage along Avalon, while alley access provides additional convenience at the rear of the property. Built in 1947, the buildings are subject to LARSO, with all units separately metered for utilities. The unit mix includes (2) one-bedroom, one-bath units, (1) three-bedroom, one-bath unit, and (1) commercial space. The property also offers six onsite parking spaces, which present potential for ADU conversion.
Location
State CA
County Los Angeles
Area Metropolitan South
Zoning LAC2
Interior
Laundry Gas & Electric Dryer Hookup
Exterior
Parking Features Gated
Pool None
Community Features Biking, Curbs, Sidewalks
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
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Naghmeh Keyvani
Broker Associate | License ID: DRE# 02091823
Broker Associate License ID: DRE# 02091823