11911 Avalon Blvd. Los Angeles CA 90061
Description
Great mixed use property with stable tenants. Fast Food Restaurant in front and two Residential units in back each 1 bed 1 bath. Restaurant has been in business for over 20 years, very well known and is part of the neighborhood. Property has long drive way with plenty of space. It is a very well kept property. Great visibility, high return, 10.9 GRM, OVER 6 % CAP RATE, Easy to manage with lots of potential for extra income. Must see. Commercial Front unit: $1,500/mo; 1+1 Back unit: $977; 1+1 Back Unit: $1,350 Cap Rate 6 %; Current GRM; 10.9 Mix use, great Visibility, long terms tenant; actual $ 45924 Gross Income
Property Highlights
$499,900
3 Units
10.8 GRM
6.0% Cap Rate
5,010 SQ. FT. Lot
1,093 SQ. FT. Building