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The Avalon Apartments 1248 W Adams Blvd

15 Unit Apartment Building For Sale Los Angeles, CA 90007

Investment Highlights

  • The property is within the USC Department of Public Safety (DPS) Patrol.
  • Features an appealing mix of spacious 2- and 3-bedroom units with various bathroom options.
  • Enjoy breathtaking views of Downtown LA and Hollywood from the sunny rooftop deck.
  • The property offers a controlled access subterranean parking garage with 34 parking spaces (2.3/unit).

Executive Summary

Invest in the Student Housing Sector and Be Part of a Resilient and Consistently Growing, In-Demand Asset Class.
Capitalize on California’s strong and exponentially-expanding student housing market with this beautifully renovated 36-bedroom apartment building called Avalon, which is conveniently located on the north side of the University of Southern California (USC) campus.
Adjacent to an abundance of amenities, restaurants, and entertainment and shopping options including USC Village and L.A. Live/Crypto.com Arena, the property sits on the south side of West Adams Boulevard, between Orchard Avenue and Ellendale Place.
Built in 2002, this 4-story, controlled access, elevator building features an appealing mix of spacious 2- and 3-bedroom units with various bathroom options. Each unit has been completely and stylishly remodeled and features high ceilings, a balcony, new hardwood flooring, new blinds and lighting, all new stainless steel appliances (including refrigerator, range microwave and dishwasher), landscaping, surveillance cameras throughout, new bathrooms, TVs in every room, A/C, gated parking, bike racks, on-site laundry, and more! Also enjoy breathtaking views of Downtown LA and Hollywood from the sunny rooftop deck.
The unit mix is as follows: nine 2BD+2BA flats; three 3BD+2BA flats, and three 3BD+3BA flats. The property offers a controlled access subterranean parking garage with 34 parking spaces (2.3/unit).
The property is within the USC Department of Public Safety (DPS) Patrol. This means that DPS patrols the area surrounding USC’s University Park Campus 24 hours per day, 7 days a week! Additionally, for those who work, study, or take classes at night, the USC Campus Cruiser Service offers either a walking or vehicle escort to DPS Patrol-covered properties at no cost.

Property Facts

Sale Type Investment
No. Units 15
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 0.27 AC
Building Size 24,771 SF
No. Stories 4
Year Built 2002
Parking Ratio 2.4/1,000 SF

Unit Amenities

  • Air Conditioning
  • Balcony
  • Kitchen
  • Oven
  • Wheelchair Accessible (Rooms)

Site Amenities

  • Laundry Facilities
  • Furnished Units Available
  • Online Services
  • Public Transportation
  • Walk To Campus

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 5 - 1,053
3+2 5 - 1,310
3+3 5 - 1,317
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5055-014-026
Land Assessment
$2,179,822
Improvements Assessment
$4,713,137
Total Assessment
$6,892,959

zoning

Zoning Code LAR4
LAR4
  • Listing ID: 31766000

  • Date on Market: 5/10/2024

  • Last Updated:

  • Address: 1248 W Adams Blvd, Los Angeles, CA 90007

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