NOT LISTED FOR SALE

7806 Avalon Blvd Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $878,000 - $998,000

9 Beds
6 Baths
3,304 Sq Ft
$285/Sq Ft Est. Value

Last Sold February 13, 2019

Last sale price $650,000 $197 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $5,887/month

132 Days on Market

About This Home

As of February 2019

We are pleased to present an opportunity to invest in a 3-unit tri-plex property located in the Florence neighborhood of south Los Angeles. The subject property consists of all three-bed two-bath units with 3,304 of rentable square feet on a 4,180 square foot lot. This property provides tenants with gated on-site parking, entry and is individually metered for gas and electricity. The property will be delivered with 2 vacant units allowing investors to vet their own tenants and set their own rental amounts. This property can also be bought together with 7800 Avalon Blvd if Buyer chooses to purchase as a portfolio.

Last Agent to Sell the Property

Sevak Keshishian

Marcus & Millichap License #01887505 Listed on: 10/04/2018

Last Buyer's Agent

Lam Nguyen

License #01906935

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,063

Year Built

  • Built in 1960

Lot Details

  • 4,180

Interior Spaces

  • 3,304 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • Assigned Parking

Additional Features

  • 4,180 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 6023-032-031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,063

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3304
  • Stories: 2
  • Year Built: 1960
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 219.00

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 6

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 224400
  • Assessed Land Value: 234600
  • Assessor Parcel Number: 6023-032-031
  • Geocode Override: No
  • Lot Size Area: 4180

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 10.69
  • Number Of Units: 3
  • Total Annual Expense: 22139
  • Type Of Units: Standard
  • Vacancy Rate: 67%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2018
Closed on
Jan 25, 2019
Sold by
Membreno Antonia
Bought by
Hernandez William Feliciano
Seller's Agent
Sevak Keshishian
Marcus & Millichap
Buyer's Agent
Lam Nguyen
List Price
$725,000
Sold Price
$650,000
Premium/Discount to List
-$75,000
-10.34%
Current Estimated Value
$941,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,858
Avg. Annual Appreciation
5.81%
Original Mortgage
$325,000
Outstanding Balance
$292,348
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$648,579

Purchase Details

Listed on
Oct 4, 2018
Closed on
Jan 11, 2019
Sold by
Executive Investments Inc
Bought by
Hernandez William Feliciano
Seller's Agent
Sevak Keshishian
Marcus & Millichap
Buyer's Agent
Lam Nguyen
List Price
$725,000
Sold Price
$650,000
Premium/Discount to List
-$75,000
-10.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Outstanding Balance
$292,348
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$648,579

Purchase Details

Closed on
Oct 19, 2015
Sold by
Doyle John T
Bought by
Executive Investments Inc

Purchase Details

Closed on
Jul 23, 2003
Sold by
Doyle John T
Bought by
Doyle Terri Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,382,300
Interest Rate
3.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 2003
Sold by
Pro Value Properties Inc
Bought by
Doyle Terri Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,673
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 2001
Sold by
Thomas Roston
Bought by
Lillie Sherry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,000
Interest Rate
6.67%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hernandez William Feliciano -- Progressive Title Company
Hernandez William Feliciano $650,000 Progressive Title Company
Executive Investments Inc $450,000 Ticor Title
Doyle Terri Ann -- American Title Ins Co
Doyle Terri Ann $250,000 Ticor Title Co
Lillie Sherry $260,000 Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez William Feliciano $325,000
Closed Hernandez William Feliciano $325,000
Previous Owner Doyle John T $430,000
Previous Owner Doyle John T $405,000
Previous Owner Doyle Terri Ann $6,382,300
Previous Owner Doyle Terri Ann $165,673
Previous Owner Pro Value Properties Inc $170,000
Previous Owner Lillie Sherry $13,000
Previous Owner Lillie Sherry $234,000
Previous Owner Thomas Roston $175,000
Previous Owner Thomas Roston $95,000
Closed Doyle Terri Ann $63,823
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2019 02/13/19 Sold $650,000 0.0% $197 / Sq Ft
01/04/2019 01/04/19 Off Market $650,000 -- --
10/04/2018 10/04/18 For Sale $725,000 -- $219 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,063 $725,083 $390,429 $334,654
2024 $9,063 $710,867 $382,774 $328,093
2023 $8,894 $696,929 $375,269 $321,660
2022 $8,490 $683,264 $367,911 $315,353
2021 $8,374 $669,868 $360,698 $309,170
2019 $6,105 $477,542 $244,077 $233,465
2018 $6,008 $468,180 $239,292 $228,888
2016 $5,719 $450,000 $230,000 $220,000
2015 $3,881 $614,011 $318,376 $295,635
2014 $7,714 $601,984 $312,140 $289,844
Source: Public Records

Agents Affiliated with this Home

  • Sevak Keshishian

    Seller's Agent in 2019

    Sevak Keshishian

    Marcus & Millichap

    (818) 212-2700

    1 in this area

    58 Total Sales

    Sevak Keshishian
    Section Image

  • L

    Buyer's Agent in 2019

    Lam Nguyen

  • L

    Buyer's Agent in 2019

    Luis Flores

See All Agents

Map

Source: The MLS

MLS Number: 18-394636

The MLS

APN: 6023-032-031

California Los Angeles County Los Angeles 90001 Florence

7806 Avalon Blvd, Los Angeles, CA

This home is located at 7806 Avalon Blvd, Los Angeles, CA 90003 since 04 October 2018 and is currently estimated at $941,858, approximately $285 per square foot. This property was built in 1960. 7806 Avalon Blvd is a home located in Los Angeles County with nearby schools including McKinley Avenue Elementary School, Charles Drew Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

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