7500 Avalon, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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Los Angeles, California 90003
This 8-unit apartment complex presents a High-Potential Investment Opportunity with a List Price of $985,000, which aligns with the $985,000 Fair Market Value. Featuring a Uniform Unit Mix of 2-bedroom/1-bath units, the property offers immediate cash flow at a 5.33% cap rate. With a Condition Rating of 5, the asset requires strategic renovations to unlock rental upside. This is a straightforward, efficiently operated Value-Add Asset ideal for Buy-and-Hold Investors or Portfolio Managers seeking long-term appreciation in the Los Angeles market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7500 Avalon Subject | $985,000* List Price | 0 | 0 | 4,560 | $216 | - |
A 203 W 77th St Street W Active | $969,000 List Price | 0 | 0 | 4,482 | $216 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1957 (67 years old), the property is explicitly marketed as a 'value-add' opportunity requiring 'strategic renovations' and unit turnover. Given the age and the investor-focused description, the kitchens, bathrooms, and core systems likely require significant rehabilitation to meet modern standards, fitting the criteria for a property over 30 years old needing rehab.
The property consists entirely of 2-bedroom, 1-bath units, which are highly desirable for tenants and typically offer better long-term stability and higher rent potential than smaller unit types.
Priced at approximately $123,125 per unit and $216 per square foot, this asset offers a low entry point for the Los Angeles multi-family market, especially following the recent price reduction.
Operating at a 5.33% cap rate with clear rental upside, the property provides immediate income while offering a straightforward value-add opportunity through strategic renovations.
With 93 days on the market and a significant price drop from the original listing, the property may face perceived market fatigue or underlying buyer hesitation.
Built in 1957, the building likely requires ongoing capital expenditures for maintenance and system upgrades typical of mid-century construction to maintain its competitive edge.
7500 Avalon Blvd is an 8-unit apartment property comprised entirely of 2-bedroom / 1-bath units, offered at $985,000, or $123,125 per unit and $216 per square foot. The property currently operates at a 5.33% cap rate and 9.57 GRM, with scheduled gross income of $102,885 and current NOI of $52,470. The property offers immediate cash flow with a clean all-2-bedroom unit mix and substantial rental upside. Buyers benefit from an attractive entry basis while acquiring a straightforward value-add opportunity through unit turnover, strategic renovations, and improved management. This is a simple, efficiently operated 8-unit investment with strong in-place income and long-term appreciation potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 1.0 |
| Square foot | 4,560 | 2,864 |
| Lot Size | 5,510 | 7,003 |
| Price | $985.0K | $1.58M |
| Price per sq ft | $216 | $319 |
| Built year | 1957 | 1929 |
| HOA | $0 | $907 |
| Days on market | 105 | 91 |
Jul 11, 2026
$985,000
$1,075,000
-8% Price Drop
Initial Listing
Apr 9, 2026
$1,075,000
Initial Listing