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10616 Avalon Blvd 2,395 SF Office Building Los Angeles, CA 90003 $950,000 ($396.66/SF)
INVESTMENT HIGHLIGHTS
- Lot is 9,013 Square Feet
- Zone LAR4 - Multiple Dwelling Zoning
- Zoning Includs R3 Multiple Dwelling
- Building is 2,395 Square Feet
- Zoning allows Multi-Family Residential Buildings, such as Apartments and Condos
- Located close to Locke College, 101 Freeway, 105 Freeway, USC, Los Angeles International Airport and Downtown Los Angeles.
EXECUTIVE SUMMARY
This 9,013 Square Feet Lot, with a 2,395 Square Feet Building is in the Southeast area of Los Angeles known as Green Meadows. Property is zoned LAR4 which is Multiple Dwelling Zoning, allowing for Multi-Family residential buildings, such as Apartments, Condos, and some Fraternities/Sororities. Alowing for up to 6-9 stories. Other permitted uses would be Church, School, Childcare, Hotel/Motel and any use permitted in the 'R3' Multiple Dwelling Zone. The neighborhood consists of Single-family homes, apartments, and condos. It is located close to Alain LeRoy Locke College, 101 Freeway, 105 Freeway, USC, Los Angeles International Airport and Downtown Los Angeles. Under construction across the street at 10705 Avalon Blvd is a new 69 Unit, five-story Apartment Building. This Listed Avalon Blvd property is on the same street, the same zoning and slightly smaller. For Additional Information go to: www.zimas.lacity.org If you can see yourself investing and you feel now is the time Call/Write Now!
PROPERTY MUST GO THROUGH PROBATE.
PROPERTY MUST GO THROUGH PROBATE.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$21,600
|
$9.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$21,600
|
$9.02
|
| Taxes |
-
|
-
|
| Operating Expenses |
$7,500
|
$3.13
|
| Total Expenses |
$7,500
|
$3.13
|
| Net Operating Income |
$14,100
|
$5.89
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $21,600 |
| Annual Per SF | $9.02 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $21,600 |
| Annual Per SF | $9.02 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $7,500 |
| Annual Per SF | $3.13 |
| Total Expenses | |
|---|---|
| Annual | $7,500 |
| Annual Per SF | $3.13 |
| Net Operating Income | |
|---|---|
| Annual | $14,100 |
| Annual Per SF | $5.89 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
2,395 SF
Building Class
C
Year Built
1926
Price
$950,000
Price Per SF
$396.66
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,395 SF
Building FAR
1.00
Lot Size
0.05 AC
Zoning
LAR4 - Multiple Dwelling Zoning, allowing for Multi-Family residential buildings, such as Apartments and Condos
AMENITIES
- Fenced Lot
PROPERTY TAXES
| Parcel Number | 6051-029-032 | Total Assessment | $119,564 (2025) |
| Land Assessment | $54,356 (2025) | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $65,208 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
6051-029-032
Land Assessment
$54,356 (2025)
Improvements Assessment
$65,208 (2025)
Total Assessment
$119,564 (2025)
Annual Taxes
$0 ($0.00/SF)
Tax Year
2023
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10616 Avalon Blvd
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