$4,450,000
0.37 acres
33.9864 -118.266

5937 Avalon Boulevard Los Angeles, CA 90003

$4,450,000
Est. Monthly $22,627 recalculate
0.37 acres
 

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CENTURY 21 Realty Masters
830 N Wilcox Ave
Montebello, CA 90640
323.­722.7300
323.­722.7300
CENTURY 21 Realty Masters
830 N Wilcox Ave Montebello, CA 90640
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5937 Avalon Boulevard
Los Angeles, CA 90003

Explore This Property

Multi-Family (2-4 Units) - This building is a 2 story walk up with 4 stairways located on 59th St, Avalon and the rear of the building. The unit mix is comprised of 9-One bedroom/one bath, 13-Studios, & 9-commercial units. Due do the age of the property it is subject to rent control for the apartments. Utilities are separately metered for gas and electricity. The building rents out the 10 parking spaces in the rear to the tenants. There is a long term lease of the parking lot which owner pays the neighboring property. There is a laundry room for tenants to use that generates income and a leasing office that can be use for collection of rents and management. Parts of the building was updated in the last 10 years. This 31 unit mixed use building is 28,648 square feet.

The property is ideally situated just south of the downtown business district and east of the 110 freeway. As market conditions continue to improve, the property will allow for rental increases for both the apartments and the commercial spaces. There is currently a mortgage balance of approximately $2,000,000 at a rate of 4.3%. This loan is assumable. Must qualify with bank.
MLS # PW17181554
Courtesy Of RE/MAX Premier Properties

Property Features

  • Age: Over 50 Years Old
  • Architecture Style: Other
  • Floor Covering: Carpet, Laminate, Tile
  • Lot Size: 0.37 Acres
  • Parking Type: Assigned
  • Roof Type: Tile

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 4.75% APR
    $22,627Your estimated monthly payment
    $890,00020% Down Payment
    $4,450,000 $4,005,000
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    ASPIRE JUANITA TATE ACADEMY CHARTER SCHOOL
    Grades K-6 | Public School

    LOS ANGELES, CA 90003
    123 W 59TH ST
    323-235-8400
    0.5
    miles

    Total Students 342
    Student Teacher Ratio 23:1

    School Rating

    2 stars View School Details
    Middle School
    LOS ANGELES ACADEMY MIDDLE
    Grades 6-8 | Public School

    LOS ANGELES, CA 90011
    644 E 56TH ST
    323-238-1800
    0.4
    miles

    Total Students 1500
    Student Teacher Ratio 25:1

    School Rating

    1 star View School Details
    High School
    PUBLIC SERVICE COMMUNITY SCHOOL
    Grades 9-12 | Public School

    LOS ANGELES, CA 90001
    6100 S CENTRAL AVE
    323-846-2128
    0.6
    miles

    Total Students 580
    Student Teacher Ratio 20:1

    School Rating

    2 stars View School Details
    JOHN C. FREMONT SENIOR HIGH SCHOOL
    Grades 9-12 | Public School

    LOS ANGELES, CA 90003
    7676 S SAN PEDRO ST
    323-565-1200
    1.1
    miles

    Total Students 2500
    Student Teacher Ratio 25:1

    School Rating

    2 stars View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Aspire Inskeep Academy Charter School 0.5 mi Public K-6
    Aspire Slauson Academy Charter 0.5 mi Public K-6
    Sixty-sixth Street Elementary School 0.5 mi Public PRESCHOOL-6
    Estrella Elementary School 0.5 mi Public K-5
    Performing Arts Community At Diego Rivera Learning Complex 0.6 mi Public 9-12
    Green Design At Diego Rivera Learning Complex 0.6 mi Public 9-12
    Communication And Technology At Diego Rivera Learning Complex 0.6 mi Public 9-12
    Dr. Maya Angelou Community High 0.6 mi Public 9-12
    Synergy Quantum Academy 0.6 mi Public 9-12
    St. Columbkille Elementary School 0.6 mi Catholic PRESCHOOL-8
    Main Street Elementary School 0.7 mi Public PRESCHOOL-5
    Aurora Elementary School 0.8 mi Public K-5
    Mary Mcleod Bethune Middle School 0.8 mi Public 7-8
    Animo Florence-firestone Charter Middle School 0.8 mi Public 6-8
    Dr. Lawrence H. Moore Math, Science, Technology Academy 0.9 mi Public K-5
    Forty-ninth Street Elementary School 0.9 mi Public PRESCHOOL-5
    Thomas A. Edison Middle School 0.9 mi Public 6-8

    Local Area Information for Los Angeles, CA 90003

    Median Age: 28.6
    Married: 24.7%
    Number of Households: 16,292
    Households with Children: 8,605
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Copyright © 2017 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.