6219 S AVALON BOULEVARD, LOS ANGELES CA 90003
- 3,128 sq.ft.
- 5,250 sq.ft. lot
Calling all real estate investors and developers! Here's an incredible chance for a potentially lucrative redevelopment or value-add investment. Situated in the heart of Central Los Angeles, this property boasts a coveted LAC2 zoning, presenting an opportunity to construct a four-story, 21-unit building under the Transit Oriented Communities (TOC) Incentive Program. Currently occupying a 5,250 square foot buildable lot, this asset comprises two recently painted buildings within a secured gated lot. It features recently painted and updated bathrooms with new water supply lines, three 1-bedroom/1-bathroom units and one 3-bedroom/3-bathroom split to 2-bedroom/2-bathroom and 1-bedroom/1-bathroom. With solid rental income, these units generate $5,415 per month ($64,980 per year) and pay on time. Moreover, the property's convenient location near bus stops, banks, parks, and local shops enhances its desirability. Don't let this fantastic investment opportunity slip through your fingers! Act now and seize the potential of this property.
Listing Courtesy of Ron Jefferson, Coldwell Banker Realty
raj qsarCEO | Owner |
- cell 714.412.5019
- office 949.612.2535
Based on information from California Regional Multiple Listing Service, Inc. as of October 10, 2023. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.